Yangon, 12 Oct— More than 1,000 tonnes of teak and hard wood logs will be up for sale through open tenders on 21 October, according to the announcement of Myanma Timber Enterprise.
Myanma Timber Enterprise has set a target of more than 500,000 tonnes of teak and hardwood logs and sawed timber for domestic use in the 2014-2015 fiscal year and so far, more than 100,000 tonnes have been sold, earning K35 billion. The government enforced a ban on exports of log timber from April 1, 2014 in attempts to prevent deforestation and ensure long-term use of the country’s natural resources. However, it has allowed exports of sawed and processed wood.
Myanmar has committed to reducing the rate of teak extraction year by year and will produce only 60,000 tonnes of teak and 670,000 tonnes of hardwood in 2014-2014 fiscal year. According to data of the Ministry of Environmental Conservation and Forestry, the country produced 93,178 tonnes of teak and 610,592 tonnes of hardwood.
A total of 306,329 tonnes of teak and 1,548,075 tonnes of hardwood were extracted in 2011-12 FY, while 2012-13 saw production of 269,516 tonnes of teak and 1,597,798 tonnes of hardwood.