The following regular items were sold by competitive bidding on 7 March 2014 at the Myanmar Timber Enterprise (MTE) tender hall.
Teak logs sales by Special Open Tender, 7 March 2014
(Ex-site Bamaw Area) Upper Myanmar
Grade | H. Tons | AVG US$ per ton Ex-site | Location |
Sawing Grade-4 | 9 | 2419 | Sinn Khan |
Sawing Grade-5 | 61 | 1802 | Sinn Khan |
Sawing Grade-6 | 191 | 1113 | Sinn Khan |
Sawing Grade-7 | 172 | 828 | Sinn Khan |
Sawing Grade-8 | 58 | 580 | Sinn Khan |
Teak logs sales by Special Open Tender, 7 March 2014
Grade | H. Tons | AVG US$ per ton FOB | Location |
Sawing Grade-7 | 1548 | 870 | Yangon |
Note: Can be shipped out in log form.
Teak logs Special Open Tender, 7 March 2014
Grade | H. Tons | AVG US$ per ton Ex-site | Location |
Sawing Grade-7 | 182 | 794 | Bae Goan |
Sawing Grade-8 | 32 | 404 | Bae Goan |
Note: Sold as industrial raw material for the domestic industry.
Analysts point out that the SG-7 and SG-8 teak logs sold in special open tenders were of lower quality than those usually sold in the tender sales and because of this prices were much lower than usual.