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    PNG: Forest Minister announces phase out of log exports by 2010
 

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PNG: Forest Minister announces phase out of log exports by 2010
07/03/2008 - 08:36

Forest Minister Belden Namah announced that Papua New Guinea will phase out exports of logs by 2010 and develop downstream processing, reported The National. One potential impact of this action may be a loss of nearly K450 million (104 million euros) in export revenue. On the other hand, landowners’ income may also rise, as the authorities have instituted a K20 per m³ rise in royalties for landowners. Mr. Namah also encouraged the development of downstream processing in the forestry sector and suggested that logging projects should provide secondary benefits to communities, such as improved roads and other infrastructure. Namah noted that if companies did not comply with logging laws, they would have their timber permits revoked.

Saw/veneer log grade
$ Avg unit value FOB per m3
 
Jan 
Feb 
Malas 
67
65
Calophyllum (bintangor) 
90
83
Taun 
73
84
Terminalia 
68
68
Pencil Cedar 
90
90
PNG Mersawa 
90
94
Red Canarium 
67
68
Erima 
63
64
Dillenia 
69
70
Burckella 
66
70
Kwila/Merbau 
175
155
 
Plantation kamarere logs
$ Avg unt val. FOB per m3
Diameter
Jan 
Feb 
60+cm (Vietnam market)
60
-
(ITTO's Tropical Timber Market Report)
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  17/11/2008 - 12:39
 
 
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