During the first six months of fiscal 2012-13 a total of 186,500 cu.m of teak logs and 690,250 cu.m of hardwood logs were shipped. Shipment of teak logs in the same period fell by about 25% and shipments of hardwood logs were down by about 10% compared to the same period last year. With only six months before the log export ban is expected to be introduced analysts say
Analysts report that, at present, demand in international markets is very poor especially for non-teak hardwoods. Exports of pyinkado have been severely hit and prices offered at the latest Myanma Timber Enterprise (MTE) sealed tenders were unexpectedly low...
Analysts report that demand for teak logs is currently slow with India, the main buyer, apparently unable to absorb any further shipments at present. The market for pyinkado and gurjan is even quieter than that for teak.