Not another timber price hike, knock on wood

Acehnese workers working on a traditional boat using timber in Banda Aceh, Indonesia. The price of timber in the local market has increased significantly due to tightening controls over the timber trade in Indonesia. South-east Asian countries are be
PHOTO: BLOOMBERG

Acehnese workers working on a traditional boat using timber in Banda Aceh, Indonesia. The price of timber in the local market has increased significantly due to tightening controls over the timber trade in Indonesia. South-east Asian countries are beginning to impose restrictions on timber distribution by strengthening their Customs departments, in a bid to curb illegal timber trade.

A version of this article appeared in the print edition of The Straits Times on October 27, 2017, with the headline 'Not another timber price hike, knock on wood'. Print Edition | Subscribe