Sarawak’s swamp timber premium has increased three to six folds
The premium on Sarawak’s swamp timber species has increase three to six times since 1 January this year.
Assistant Minister of Urban Development and Resources Datu Len Talif Salleh confirmed this when contacted by Borneo Post.
“Yes, the increase is flat rate for all swamp (timber) species,” said Assistant Minister of Urban Development and Resources Datu Len Talif Salleh, when asked by The Borneo Post about the premium hike.
The director of State Forest Department Datu Hamden Mohammad disclosed that the premium for swamp timber species had not been reviewed for over three decades.
He also said that industry players across the state were consulted before the decision to increase the premium end of last year.
“Moreover, there is not much of our swamp timber left now, less than 15 per cent,” he said.
When asked to clarify the 15 per cent, Hamden said the production of swamp timber constituted only 15 per cent of the total production.
Sources in the industry revealed that the new rate of all swamp timber species is now RM10 per cubic metre. Before the hike, the premium for Ramin was RM2.90 per cubic metre while Jongkong and all swamp timber species cost RM 1.50 per cubic metre.