Myanmar sets high export target of teak in 2010-11
Friday, 16 July 2010
YANGON, July 15 (Xinhua): Myanmar has targeted to export over 20,000 tons of teak in the present fiscal year 2010- 11 despite a sharp drop in the export in the last fiscal year of 2009-10, the local Popular News reported today.
Myanmar was able to export over 10,000 tons of teak annually before 2009-10. However, due to the sharp declination of demand in the international market in 2009-10, the country could export only 4,000 tons in the year, failing to meet the year's projected export target of 10,000 tons, timber exporting companies were quoted as saying.
The companies are striving to fulfill the set export target by buying teak produced from 20 regions in the country. Of the four classes of teak, that of the special class comes from Gangaw, Pakokku and Chin, while that of the first class or A Class is produced from Taungdwingyi, Nay Pyi Taw or Pyinmana, Tayat, Pyay, Minbu, Taungoo, Shwebo, Aunglan and Monywa.
The domestic purchase prices of teak range from 300 to 500 U.S. dollars per ton, while the export prices of them stand at 1,300 to 2,000 dollars per ton, according to the companies.
Myanmar exports teak most to India, followed by China, Bangladesh, Thailand and Malaysia.
Myanmar was able to export over 10,000 tons of teak annually before 2009-10. However, due to the sharp declination of demand in the international market in 2009-10, the country could export only 4,000 tons in the year, failing to meet the year's projected export target of 10,000 tons, timber exporting companies were quoted as saying.
The companies are striving to fulfill the set export target by buying teak produced from 20 regions in the country. Of the four classes of teak, that of the special class comes from Gangaw, Pakokku and Chin, while that of the first class or A Class is produced from Taungdwingyi, Nay Pyi Taw or Pyinmana, Tayat, Pyay, Minbu, Taungoo, Shwebo, Aunglan and Monywa.
The domestic purchase prices of teak range from 300 to 500 U.S. dollars per ton, while the export prices of them stand at 1,300 to 2,000 dollars per ton, according to the companies.
Myanmar exports teak most to India, followed by China, Bangladesh, Thailand and Malaysia.