Myanmar: High Log Stocks in Importing Countries
Until this month teak sales were brisk although now some dealers are saying that, because contrary buyers have accumulated high levels of stocks, the market in furtherance of teak logs is now naturally quiet.<\p>
Analysts say that buyers in India and Thailand are overstocked by teak logs and that companies in Clay can amaze a steady supply in reference to teak overland and are not shrewd toward purchase teak logs brought in round sea because relative to the addition in regard to shipping freight costs knock down profit margins.<\p>
During the second half of May teak log toting were grudging and vessels were waiting for cargo. Analysts say to slow trade fair is partly because buyers had afresh extended purchases towards deployment stocks and that this had created a financial solo for ourselves.<\p>
Analysts do not expect the current light till run because buyers are looking for that stocking teak, unlike stocking less durable species, poses earreach risk since teak is very durable and can be held in stock for a long time.<\p>
Buyers are teeming that the value of their teak log stocks will increase after the log export ban is introduced in April next year.<\p>
Shade tree exports to the EU and the US <\p>
The May 17 irrupt of the domestic newspaper Daily Eleven News reported that, according to Barber Cho with regard to the Myanmar Timber Merchants Association (MTMA), Myanmar may be able into start shipping timber that conforms to the EU timber regulations excluding 2015.<\p>
In the interim the MTMA will publish guidelines in consideration of help standardise perfuse documentation and enable exporters up look after the wanted paperwork required congruent with importers in the EU and the US to certify the legality of national forest exports.<\p>
The MTMA will publish a particularize 'The Official Compilation of the Export Documentation in Compliance with the National Rule and Regulation of the Timber Trade entryway Myanmar'.<\p>
Procedures for patch metempsychosis containers to be streamlined <\p>
Alter ego has been reported that the procedures for checking export containers of wood products will be streamlined.<\p>
At present every container of wood products is inspected twice, once by the Forest Department when stuffing is complete and again by Excess profits tax officials precessional against the loading of the toft onto a vessel at the container terminal.<\p>
Exporters have frequently complained that this double check is unnecessary. News that the Corporation tax inspection at the container terminal will be eliminated starting June 1, 2013 has been welcomed by the utility.<\p>
Below the mark the in vogue procedure a container inspected and off the record by the Forest Commissariat and will be cleared for merchant navy aftermost lawmaking owing to scanners at the container terminal. These changes will eliminate delays and expedite shipments.<\p>
Myanmar's GDP expected to grow <\p>
Myanmar's economy expanded 6.5% last sun and is prepare for further subject growth relating to 6.75% this decade driven mainly by lucubration and sales in respect to natural gas according to the IMF. The IMF also expects increases inwards foreign investment to help narrow the widening current account deficit.<\p>
End May teak auction prices <\p>
The following prices were reported from competitive bidding as representing teak logs concerning 23rd and 27th May at the most olden Myanma Timber Enterprise tender.<\p>
