| MYANMAR TEAK LOGS SALES IN PROGRESS Myanmar Timber Enterprise(MTE) has been holding competitive tendering for the fiscal year 2002-2003 and average sales volumes for SG-2 Qlty from April 2002 to July 2002 has increased and higher than the average sales for the year2000-2001 and 2001-2002. The average price for SG-2 Qlty was US$ 1121 per ton in 2000-2001 and rose to US$ 1294 in 2001-2002. During the period between April 2002 and July2002, the price has been rated around US$ 1400 per ton average. TEAK LOGS SOLD AREA WISE TENDERS FROM APRIL TO JULY 2002 | AREA | TON | | EU/UK/USA | 826.624 | | HONG KONG | 1029.882 | | INDIA | 847.866 | | JAPAN | 109.106 | | SINGAPORE | 983.89 | | THAI | 3201.366 | | MYANMAR | 1406.404 | |
| In analyzing the country's wise demand, the demand from Europe, UK and USA has dropped, the prices for SG II and SG IV in Thai market dropped in July, the demand from Hong Kong has increased, the demand for SG-4 Qlty from India lowered, the local demand from Myanmar businessmen and exporters has risen. Business Information Group (B.I.G) TEL : (951) 514842 / 510885 FAX : (951)515234 Email : big@mptmail.net.mm |