Markets Activities

Marketing of Timber in FDC Timber Markets

FDC has established timber markets in Chakdara (lower Dir) for sale of timber extracted from Malakand Division and Goharbad (Havelian) for sale of timber extracted from Hazara Division. Open auctions are conducted twice a month in each timber market for 2 to 3 days each wherein timber of different species is offered for sale both in logs and scants form. Anybody can participate in the auction who desires to purchase timber. A quarterly auction schedule is prepared and advertized in leading newspapers for information of general public and potential purchasers.
Activities performed in the timber markets and auction proceedings are summarized in the following steps:

Step 1: Inflow/receipt of timber in the market:

Timber received at market gates is checked with the accompanying challan for number, volume, species and form and acknowledged on the duplicate copy of the challan which is handed over to the truck driver within 24 hours after receipt of timber. The timber received is immediately recorded in the concerned registers.

Step 2: Measurement of timber:

Re-measurement is carried out in detail by the market staff of the corporation and recorded in the concerned documents.

Step 3: Grading to timber:

Timber grading is carried out with respect to sizes and quality so as to fetch high rates for good quality timber.

Step 4: Formation of timber sub lots for sale:

Timber received is stacked species/form wise into various sub lots keeping in view the demand of the market, a stack (sub lot) is formed into a size of volume (200 cft to 500 cft) which is capable of attracting the highest competition for sale.

Step 5: Preparation of sale documents (List of sub lots put to sale, bid sheets etc):

Required sale documents i.e. list of sub lots to be offered for sale, bid sheets etc prepared well in time.

Step 6: Preparation of proposed Reserve Rates:

Reserve rates for every sub lot to be offered for sale are prepared by the concerned Dy.Manager Marketing along with his support staff for each auction.

Step 7: Approval of Reserve Rates by the committee:

Reserve rates for all the sub lots put to sale in the month are approved by the competent committee constituted at Head Office.