Plywood: Falling Flat

Indonesia's plywood industry is engulfed in a thick cloud no less gloomy than the smog billowing from the burning forests of Kalimantan. The dismal state of this industry, however, is solely due to the price slump on the international market. While in the June-July period this year plywood sold at US$350 per cubic meter, the price has now dropped to US$280, once even reaching as low as US$230 per cubic meter. One of the reasons for the crash i

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