KUCHING: The average price of Sarawak's round-log, which surged more than 50% in the first half this year, is expected to remain firm due to tight supply as production has fallen significantly.
Production slumped over 15% to 4.26 million cu m in the first half, down from 5.13 million cu m a year earlier, according to Sarawak Timber Industry Development Corp figures.
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