February 22, 2017
Myanmar to resume teak and hardwood production
Myanmar Forestry Authority has informed in the next fiscal year (2017-18 fiscal year), Myanmar will resume teak and hardwood production. Production targets are expected to reach 270,000 tons. Logging was halted last year following excessive deforestation in previous years. The resumption of log harvesting in the next fiscal year under certain limit is aimed at preventing entrepreneurs engaged in the industry from suffering shortage of raw materials but the volume of extraction will be reduced at about 270,000 tons, of which Myanmar teak production will reach 1,274 tons, while the production target ...
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