KUCHING, MALAYSIA – The Sarawak Timber Assn. and Sarawak Timber Industry Development Corp. will jointly refute the accusation that eight plywood exporters from the state were dumping their products in South Korea.

According to The Star, the Korean Trade Commission began its anti-dumping investigation after receiving a petition from the Korean Wood Panel Assn. The KWPA alleges that nine Malaysian plywood suppliers had been selling their products at approximately 88% below the local market price.

A spokesman for the Malaysian groups called the allegation “ridiculous,” according to The Star report. This was reportedly the first time that Sarawak plywood exporters had been accused of dumping.

Read The Star’s full report.

Have something to say? Share your thoughts with us in the comments below.