November 21, 2017

Myanmar decides to push future timber demand to limit

A family-run furniture store in Tamway Township, Yangon, displays wooden furniture on sale. Photo: Khaing Thanda Lwin
A family-run furniture store in Tamway Township, Yangon, displays wooden furniture on sale. Photo: Khaing Thanda Lwin

Yangon, 28 Dec —Despite an annual increase in both local and foreign consumption, the Myanma Timber Enterprise has announced it will push the future timber demand to the limit set at 1.16 million tons a year.
The growing number of construction projects in the country is a major reason for the increasing demand for timber, which is now used only for purposes of decoration and furniture production, Deputy General Manager U Win Naing told the Global New Light of Myanmar.
He said logging in the previous financial year totaled 925,050 tons, adding the ministry has earmarked its annual production for this year at 730,000 tons, of which nearly 130,000 tons of teak and hard wood were extracted up to October.
Since the government took office, the Myanma Timber Enterprise under the Ministry of Environmental Conservation and Forestry has reduced timber production annually with the aim of ensuring a sustainable eco-system.
For the development of local wood-based industries, Myanmar imposed a ban on log export in April this year. Currently, timber logs are sold in the country through an open tender system.
Myanmar exports timber to neighbouring countries as well as to South Korea and Japan. Myanmar has entered a one-year contract on timber trade with the United States, with the US government allowing members of the International Wood Products Association (IWPA), a US-based organization, to buy timber from Myanmar.
According to the statistics provided by the ministry, the Myanmar Timber Enterprise earned US$236.273 million and K48,832 million from timber sales till October.—GNLM

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