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)