Due to an increase in house construction and the loss of resources that was caused by 2019-20’s catastrophic bushfire, there is currently a shortage of timber in Australia.
Ongoing international pressures on many categories of raw material make further price rises in sectors such as wooden pallets and packaging inevitable.
Unfortunately, all raw material vendors have now taken the opportunity to amend their pricing models and we have been advised that there will be additional changes to timber component pricing.
As a result of this, please be advised that our plain timber pallet pricing will now be subject to adjustment.
Pallet providers have revised their approach with timber vendors and have prioritised the stability of supply above actual component prices. This will ensure that we are able to continue to meet your requirements in times of high demand and challenging market conditions.
2021 has been very unstable for raw material pricing and we expect this to continue through to the end of FY21.
Thank you for your continued support and understanding.
If you have any queries, please contact the Ligentia team.