From: Antara NewsJakarta (ANTARA News) - Indonesia`s processed wood exports in the first quarter of 2010 soared 1,270 percent to 3.15 million cu meters from the same period last year.
"Demand in the international market began to recover from the global financial crisis in the first quarter of 2010. As a result, state revenues from reforestation funds jumped," Director General of Forest Production Development at the Forestry Ministry Hadi Daryanto said here on Tuesday.
He said state revenues from processed wood exports climbed to US$1.6 million in the first quarter of 2010 from US$133.3 million in the same period last year.
"The surge in state revenues from processed wood exports was the result of soaring demand for Indonesian wood products in the global market," he said.
Data from the Forestry Ministry show state revenues in rupiah from reforestation funds reached Rp110.6 billion in the first quarter of 2010, a 5.25 percent increase compared to the same period last year.
However, state revenues in the US dollar from reforestation funds in the January-March 2010 period surged to US$55.6 million from US$770,000 in the same period a year earlier.
Hadi said the global economic recovery was responsible for the surge in the country`s processed wood exports.(*)