Dec 24, 2014. /Lesprom Network/. Export earnings from the export of processed timber from Myanmar so far this fiscal year amounted to about $60 million. It is estimated that the figure for the year could be over $80 million, around $20-30 million more than before the log export ban, ITTO reported.

However, analysts point out that the annual revenue from exports of wood products (logs and sawnwood) used to be over $700 million annually in the years before the log export ban.

If Myanmar is to achieve this level of exports in the future considerable investment in modern processing plant and in training of mill operatives is required.