YANGON, Dec. 15 (Xinhua) — Myanmar’s forest product export earning registered 45 million U.S. dollars in the first nine months (April to December) of the fiscal year 2014-15, down over 90 percent compared with the same period of 2013-14, sources with Ministry of Commerce said on Monday.
The exported forest product included teak log, sawn timber, plywood and cane.
The government has banned export of teak log by the private sector from April 1, 2014 in a bid to prevent deforestation and ensure sustainable use of the country’s natural resources.
Myanmar produced 93,178 tons of teak and 610,592 tons of hardwood in 2013-14, according to the figures of the Ministry of Environmental Conservation and Forestry.
The country’s forest coverage accounted for 57 percent of the country’s land area between 1980 and 1990 but has reduced to 47 percent at present, according to reports.