Myanmar: Teak open tender prices in March

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ITTO
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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.

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