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Thursday, June 29, 2006

F$20 million in mahogany sales expected this year

Taken from an article in the Fiji Times.

The new Fiji Hardwood Corporation is expected to deliver F$20 million in mahogany sales in the company's first full year of production.

The company has a target of 90,000 cubic meters of mahogany logs, which roughly translates into 45,000 cubic meters of timer or more than F$20 million in annual revenue, according to the Ministry of Public Enterprises.

Export of the timber is made to Australia, New Zealand, South and North America with the good demand there. The company is working on improving timber production and value adding processes.

Most of the mahogany forests are contained on native Fijian land.

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