You can read daily news of Global New Light of Myanmar using mobile applications. Download now!

February 27, 2018

Myanmar Timber Enterprise to organise open tender sales in March

Logs to be tendered are piled in Yangon.
Logs to be tendered are piled in Yangon.

THE Myanmar Timber Enterprise will organise the selling of teak and hardwood logs including swan timbers through an open tender system, planning to conduct the auctions twice in March.
All citizenship security card holders have the right to participate in the tender. Those who participate need to pay a K5 million (US$4,034) deposit for the auction of timber under 2,000 cubic tons and K10 million ($8,069) for timber above 2,000 cubic tons.
Teak and other hardwood including Pyingadoe, Ingyin, Padauk, Inn, Kanyin, Tamalan, Thabyay and Sagawa, Taungthayet will be displayed for sale during the auction.
The enterprise recently sold timbers including illegal logs and swan timbers the forest department seized through the open bid system in US dollars. It attracted 127 private entrepreneurs nationwide.
Apart from April, the MTE has conducted the open tender sales every month. We normally sell teak and hardwood produced from lower Myanmar—Yangon, Bago and Ayeyawady regions, Nay Pyi Taw council area, Kayah and Rakhine states—in the first week of a month and products from upper Myanmar—Sagaing and Mandalay regions, Shan and Kachin states in the third week of the month.
Despite increase in both local and foreign consumption year by year the Myanmar Timber Enterprise will fulfil the future market demand with an annual timber production of no more than 1,160,000 cubic tons, its official said.



Myo Min Thein (Mayangon)


Related posts

Translate »