Market conditions remain unchanged from last month report analysts in Myanmar. The domestic newspaper, Weekly Eleven of 27 March reported that licenses to operate sawmills and other wood processing industries have all been extended and only need to be renewed every five years in place of the present annual renewals.
It also reported that some procedural requirements for export of timber will be relaxed. These changes are expected to be formalised in the coming months. In other news, the Myanma Timber Enterprise is planning to switch to pricing in US dollars instead of Euro during the coming financial year. Analysts say, that while this will save time for the importers, it is still problematic for overseas importers to make payment in dollars as sanctions for remittance of US dollars have not been totally removed.
The change to pricing in dollars is still being discussed but looks inevitable say analysts. April will bring the Myanmar New Year and the long official holidays will start from April 12 to 21. qThe following average prices were recorded during March 22 and 25 sales.
|Grade||Quantity (Tons)||€ per 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 differ due to quality or girth at the time of the transaction.
Average teak prices in 2012
Average Prices in Euro € per hoppus ton during 2012 and 1st quarter 2013 prices are shown below.
|SG1 €/ton||SG2 €/ton||SG4 €/ton|
|SG5 €/ton||SG6 €/ton||SG7 €/ton|