2011 has not been a very good year for the Myanmar timber industry

Sursa:
ITTO's Tropical Timber Market Report
Vizualizări:
4439
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In reviewing the year analysts say, compared to 2010, 2011 was not a very good year for the timber trade. While demand for teak held up reasonably well, demand for pyinkado was very weak throughout the year. Prices for pyinkado started to show signs of weakness in late 2010 and this continued throughout 2011. Analysts say the price levels for pyinkado are set too high and do not reflect current interest in this timber or the economic realities in the importing countries.

Another factor which disrupted trade was the weather. Early rains in April this year made transportation of logs difficult and caused a supply shortage in the Yangon log yards. The market for lower priced gurjan (kanyin) logs, which was not active during 2010, made a slight recovery in the second quarter only to weaken again in September and October. The slowdown in western economies has had a negative impact on the demand from countries importing timber from Myanmar.

Few prospects for a quick market turn-round
Demand in India, a major buyer of timber from Myanmar, has been affected largely by the rapid depreciation of the Indian rupee. India is a main market for teak from Myanmar and in this market demand for teak began to weaken during the second half of the year. As the year is about to come to an end there are few prospects for an early recovery in demand for teak, pyinkado and gurjan.

CIFOR statistics illustrate strength of demand for logs in India
Myanmar’s Central Statistical Organisation data reports the export of logs from January to December in 2010 as 237,100 cubic tons of teak and 681,500 cubic tons of hardwoods. The figures for the period January to September 2011 are 185,400 tons of teak and 572,400 tons of hardwoods. Figures compiled by CIFOR for the year 2010 showed China bought 0.4 million cu.m of logs valued at US$ 0.14 billion CIF and 0.1 million cu.m of sawnwood valued at US$0.05 billion CIF from Myanmar. India’s imports were stated at 0.8 million cu.m of logs valued at US$0.31 billion CIF.

Yangon lots- total 401 tons

Grade Euro/ton
SG-5 1629
SG-6 1283
SG-7 532
SG-8 250
€ per ton of 50 cubic feet hoppus measure

Mandalay lots. Total 181 tons

Grade Euro/ton
SG-7 415
€ per ton of 50 cubic feet hoppus measure
Dates for December open tender for teak
The Myanmar Timber Enterprise open tender teak log sales for December will be held on the 16th and the 19th of this month.

MyanmarNovember hardwood log prices

Hardwood log prices FOB per hoppus ton Euro per m3
Pyinkado export quality
685+
(280 tons)
Gurjan export quality
390
(260 tons)
Hnaw (Haldu)   
589
(8 tons)
Htaukkyant (Indian Laurel)   
407
(48 tons)

Prices are in Euro per hoppus ton FOB (Hoppus ton equivalent to 1.83 cu.m)

Myanmar Teak Log Auction Prices (natural forest logs)

Teak Logs, FOB € Avg per Hoppus Ton
(traded volume)
Veneer Quality
Oct Nov
2nd Quality nil nil
3rd Quality nil nil
4th Quality 4,630
(11 tons)
4,739
(10 tons)
Sawing Quality
Grade 1 (SG-1) 3,200
(15 tons)
3,386
(15 tons)
Grade 2 (SG-2) 2,880
(209 tons)
2,793
(45 tons)
Grade 4 (SG-4) 2,092
(67 tons)
2,091
(231 tons)
Grade 5 (SG-5) Assorted 1,493
(188 tons)
1,577
(198 tons)
Grade 6 (SG-6) Domestic 1,343
(59 tons)
1,245
(85 tons)
Grade 7 (ER-1) 1,100
(30 tons)
973
(27 tons)


Hoppus ton=1.8m³; All grades, except SG-3/5/6, are length 8' x girth 5' &up. SG-3/4/6 are girth 4' &up. SG-3 grade is higher than SG-4 but with lower girth and price.
Prices differ due to quality or girth at the time of the transaction.

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