Myanmar: Myanmar Timber Auction Disappoints Cash-Strapped Junta

Jun 2, 2021 | Irrawaddy
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Myanma Timber Enterprise is selling off hardwoods at low prices as few bidders were interested and the timber market is slow after Myanmar’s coup, said industry insiders. There were few bidders when the state-run firm sold timber at three separate auctions in late May as the military regime sought to acquire hard currency by selling off illegal timber.