Myanmar exports less teak in first half of 2002 ( Xinhua ) November 2, 2002


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Myanmar exports less teak in first half of 2002

YANGON, Nov 2, 2002 (Xinhua via COMTEX)

Myanmar's teak export dropped 14.3 percent to 132,727 cubic-meters in the first half of 2002 from the same period of last year, according to the latest figures of the state-run Myanmar Timber Enterprise.But its hardwood export grew 48 percent to 220,740 cubic-meters over the reported period.

Total export earnings from teak and hardwood during the period amounted to 140 million US dollars, of which that from teak accounted for 101 million dollars, or 72.1 percent, for its higher prices despite less export in volume compared with hardwood.Earnings through timber export represented 9.63 percent of the country's total hard currency earning during the period.

Teak and hardwood are Myanmar's second largest export goods after agricultural products. Myanmar said 75 percent of teak in the world market are produced in the country.Myanmar yielded about 200,000 tons of teak from its forests each year since the 1990s, dropping from about 400,000 tons in the 1970s.

At present, Myanmar's forest covers 50 percent of its total land area, 7 percent less than that in 1962.The country has planted more than 32,400 hectares of teak since it launched a special teak plantation plan five years ago.

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