Myanmar to resume teak production at limited volumes

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 […]

Fisheries exports reaches about $450 million: MoC

Myanmar earned about US$450 million from the export of fisheries products over the first ten months of this fiscal year, $76 million more than at the same time last year, according to official figures issued by the Commerce Ministry. The country exported $368.843 million worth fisheries products to international trade partners from private sector in […]

External trade value reaches US$17billion, over US$2700million in trade deficit

External trade value as of 2nd December in this fiscal year 2016- 2017 totaled US$17,521.102million, with US$2,792.774million in trade deficit, according to the Commerce Ministry. In the similar period of last fiscal year, the external trade value was US$18,209.307million with a trade deficit of US$3,888.887million. The trade value this year slumped by US$688.250million when compared […]

Deforestation in Myanmar threatens biodiversity and communities

As Myanmar opens for business, a new report has found forest conversion for commercial agriculture is spreading at an alarming rate with devastating results for the country’s ethnic minorities and biodiversity. Forest conversion for commercial agriculture is accelerating at an “unprecedented rate” in Myanmar, putting the country’s biodiversity at risk and increasing the likelihood of […]

Withering forest areas

A million acres of forest have been wiped out to make way for the construction of 300 dams in Myanmar, according to Tin Aye, a retired director of the Forest Department in the Ministry of Environmental Conservation and Forestry. He also noted that over 18 million acres of catchment area near the dams need to […]

Government Limits Timber, Privatises Some Production

The government has limited timber production to 1.16 million tonnes per year, state-run Myanmar Timber Enterprise (MTE) announced. According to MTE statistics, fiscal year 2013-14 saw 925,050 tonnes of timber produced, and this fiscal year’s production saw 730,000 tonnes extracted in the first nine months. Beginning this fiscal year, the government forbade the export of […]

Myanmar teak, hard wood export in FY 2013-14 breaks record

Myanmar teak, hard wood export in FY 2013-14 breaks record YANGON, Oct. 6 (Xinhua) — Myanmar exported over 1.5 million tons of teak and hard wood in fiscal year 2013-14, breaking the record of 1.1 million tons of teak and hard wood export in fiscal year 2007-08 which was the highest export value in the […]

Myanmar sees dramatic rise in timber smuggling, official says

Yangon – Myanmar seized more than 15,000 tonnes of illegally harvested timber in the first two months of this fiscal year, a tenfold increase over the same period last year, a government official said Thursday. The figures were revealed less than a month after the country announced plans to reduce its output of processed teak […]