Imported timber hits local market

  • 06/06/2000

The unrestricted import of timber under the open general licence (OGL) scheme has started affecting the domestic produce market. Over the past two years, not only the prices of various species of indigenous timber had registered a steep fall, but the offtake had also been on the decline. The domestic market has been flooded with imported deodar, teak, hollock, pine sal and other species which are gradually edging out the local produce.