The following prices were recorded for teak log sales during competitive bidding on 21st and 24th June 2013 during the Myanma Timber Enterprise tender. The next tender sale is in late July.
|Grade||Quantity (Tons)||US$ per hoppus ton|
Hoppus ton=1.8m3; All grades, except SG-3/5/6, are length 8’ x girth 5’ &up. SG-3/4/6 are girth 4’ &up. SG-3 grade is higher than SG-4 but with lower girth and price. Prices vary due to quality and/or girth at the time of the transaction.
Greenply Industries of India invests in Myanmar
Daily Eleven News reported that the Myanmar Investment Commission has approved an investment by an Indian based company, Greenply Industries Ltd. (India), for production of wood based products. A new production facility will be built at the Dagon Port Industrial Zone.
In related news the paper quoted an official from MOECAF as saying Asian, US, and EU investors are also planning to invest in the wood processing sector in the country.