Timber trading in Myanmar has come to a standstill after 2 May, as the country struggles to recover from the aftermath of Cyclone Nargis. In Yangon, many sunken vessels remain in the harbor and shipping is expected to be
impacted for a number of weeks.
The Associated Press reported that the U.S. government slapped further sanctions on Myanmar companies, including the Myanmar Timber Enterprise. President Bush announced that a new executive order was
issued to allow the US to freeze assets of state-owned
businesses that would supply funding to Myanmar’s
military junta. The order, issued by the US Treasury
Department’s Office of Foreign Assets control said it
would freeze any assets found in the US belonging to the
Myanmar Gem Enterprise, the Myanmar Pearl Enterprise
and the Myanmar Timber Enterprise.
Myanmar Log Prices (natural forests)
| Teak Logs, FOB |
€ Avg per Hoppus Ton
(traded volume) |
| Veneer Quality |
Mar |
Apr |
6 mo. Avg |
| 2nd Quality |
5,489
(6 tons) |
5,508
(4 tons) |
5,448 |
| 3rd Quality |
5,360
(14 tons) |
4,566
(12 tons) |
5,047 |
| 4th Quality |
4,523
(42 tons) |
3,669
(47 tons) |
4,247 |
| Sawing Quality |
Mar |
Apr |
|
| Grade 1 (SG-1) |
2,654
(123 tons) |
2,747
(342 tons) |
2,678 |
| Grade 2 (SG-2) |
2,080
(846 tons) |
2,031
(479 tons) |
2,163 |
| Grade 3 (SG-3) |
1,658
(18 tons) |
1,624
(43 tons) |
1,650 |
| Grade 4 (SG-4) |
2,014
(231 tons) |
1,708
(381 tons) |
1,966 |
| Grade 5 (SG-5) Assorted |
1,872
(857 tons) |
1,598
(574 tons) |
1,713 |
| Grade 6 (SG-6) Domestic |
1,364
(337 tons) |
1,296
(383 tons) |
1,345 |
| Grade 7 (ER-1) |
989
(154 tons) |
816
(287 tons) |
990 |
| Grade 8 (ER-2) |
NIL |
NIL |
1,072 |
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.
| Logs, FOB |
€ Avg per Hoppus Ton (traded volume) |
| Pyinkado |
-- |
| Gurjan (keruing) |
190 (14 tons) |
| Tamalan |
2500 (67 tons) |
| Taungthayet |
-- |
|
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