Timber traders request for clarification on Myanmar Custom’s figure

According to a news release from the Myanmar Customs Department, currently, about 202 companies have been permitted to export 197,512 tons of timber in the current fiscal year (1 April 2016 to 30 April 2017).

In April 2014, Myanmar introduced a log export ban while the Forest Department banned the export of other type of products, baulks, boules and hand hewn squared logs. However, the news release from Customs did not specify the value or species. Analysts point to the need for better information as 197,512 tons, if all were teak, would generate some US$400 million. In addition, the analysts commented that timber exports have never achieved such a value suggesting the figures from Customs need further clarification.

Source: ITTO