During this fiscal year, Myanma Timber Enterprise (MTE) has sold over 30,000 tons of teak logs worth MMK 11 billion ($11.3 million) as well as teak sawnwood worth $1.6 million. Revenue from the sale of 588 tons of teak logs totaled $1.6 million. Revenue from log sales has fallen sharply since the log export ban.

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Myanma Timber Enterprise: Revenue from log sales down since log export ban

Sep 06, 2014. /Lesprom Network/. During this fiscal year, Myanma Timber Enterprise (MTE) has sold over 30,000 tons of teak logs worth MMK 11 billion ($11.3 million) as well as teak sawnwood worth $1.6 million, ITTO reported.

The MTE Local Marketing Department sold logs and sawnwood from depots in Mandalay and Yangon through five open tenders and earned MMK 11 billion ($11.3 million).

The MTE Export Marketing Department also sold teak and other hardwood logs and sawmwood from depots in Yangon. Revenue from the sale of 588 tons of teak logs totaled $1.6 million. Revenue from log sales has fallen sharply since the log export ban.