The Myanma Timber Enterprise (MTE) announced on 11 April that 19,408 tonnes of teak and hardwood logs will be sold by the open tender system.
Over 19,000 tonnes of illegal teak and hardwood logs were seized in Sagaing, Yangon, Mandalay, Magway, Bago, and Ayeyawady regions, and southern Shan and Kachin states. The tenders to be submitted from 3 May to 5 May will be checked with the special open tender system in Gyogone MTE office compound in Insein Township, Yangon Region. Export Market and Milling Department under Myanma Timber Enterprise has also invited tenders to bid in US dollars for more than 9,000 tonnes of teak and hardwood logs recently.
The Myanma Timber Enterprise has targeted to earn Ks250 billion in the 2016-2017 fiscal year from selling the logs by a competitive bidding system, according to the Ministry of Natural Resources and Environmental Conservation.
Although the production of hardwood was halted this year, 15,000 tonnes of teak logs and 3 lakh tonnes of hardwood that were produced during past years will be sold to domestic entrepreneurs, according to officials from the MTE.
The Myanma Timber Enterprise has arranged to sell over 600,000 tonnes that remained unsold during the past year and illegally seized timbers this year to fulfill the domestic demand, according to MTE.