As we informed you in November, the Myanmar (Burma) Government is not banning all exports of Teakwood. The proposed ban will eliminate the export of round logs. Logs cut into sawn timber or further processed into furniture, yacht decking, or other semi-finished and finished products can still be exported.
Bob Steber, of Ginnacle Import Export Pte. Ltd., tells us: "Myanma Forest Department is proposing massive changes that include tremendously reducing the annual allowable harvest of Teak and other hardwoods. The Forest Department wishes to return Myanmar forests to the healthy vibrant green forests that once covered the majority of Myanmar up until a few decades ago".
"During 2013 nearly 400,000 cubic meters of Teak trees were cut and exported from Myanmar. Tragically for the marine industry 2014's proposed cut is only 20% (80,000 cubic meters) of the historical annual cut and this includes all grades of Teak".
"Traditionally yacht builders use only the premium grades. If implemented, there will be only a few thousand cubic meters available of the top grades for boat builders world-wide. Surely prices will rise dramatically. You can ask your Boating Association to write directly to Myanma Forestry Dept. to make them aware of how important Teak is to the boating community".
Ginnacle Import Export Pte. Ltd.
+65 6 299 2535