Clarification of an earlier story regarding a ban on the majority of teak exports from Myanmar has come from the country’s Ministry for Environmental Conservation & Forestry(MTE). The ban will only apply to raw teak and timber exports as from April 1, 2014 so allowing the continued export of high quality finished timber products.
The earlier story, based on information available at the time, suggested an unspecified ban on stopping teak exports which potentially could hit the supplies available for such as superyacht decking and interiors. This is now known not to be the case and that processed teak, yacht decking and floor and other high-end products will be allowed for export.
The ban will allow Myanmar to meet a pledge to reduce its logging by more than 80,000 tonnes in the current fiscal year.