Irian wood sells well

Irian wood sells well

JAKARTA (JP): Irian Jaya-based company PT Onin Abadi Permai
has exported at least 140 metric tons of the local gaharu
(eaglewood), worth Rp 128 billion (US$ 14.4 million), to
Singapore, Saudi Arabia, Taiwan and Japan.

The company's president, Fachiry J. Robeth, said his company
could not yet satisfy the increasing demand from other countries
due to limited production.

Onin Abadi buys the wood directly from individual timber
farmers and then accumulates it for six months when the quantity
is enough for export.

Fachiry was quoted by Antara as saying that gaharu's
"Kemedangan" class now sells at Rp 400,000 per kilo, while
"Gubal" class sells at Rp 4 million per kilo. (02)