The logging of all mahogany trees in Vanua Levu could potentially generate approximately $745 million, according to Northern Commissioner Uraia Rainima. He noted that the total area of mahogany plantations in Vanua Levu spans 16,713 hectares. This area is estimated to yield around 2.5 million cubic meters of mahogany-sawn logs.
At a consultation held by the Fiji Hardwood Corporation Ltd in Labasa, Mr. Rainima explained that the current average price for logs is $298 per cubic meter. He added that if these logs were processed into sawn timber, their value could double.
Mr. Rainima emphasized the importance of selling Vanua Levu’s mahogany in niche international markets to enhance its current timber value. The Fiji Hardwood Corporation is preparing to commence harvesting operations in the region for the first time. General Manager Semi Dranibaka expressed the company’s commitment to collaborating with landowners to ensure a smooth and beneficial process.
Supporting this initiative, Mr. Rainima acknowledged that landowners in the North have waited many years for the opportunity to harvest their mahogany trees, which serves the purpose for which they leased their land for planting. He mentioned that this move aims to support landowner empowerment and promote sustainable development.
The National Development Plan, according to Mr. Rainima, provides a detailed framework for inclusive and sustainable progress, focusing on poverty alleviation, social welfare, and environmental considerations. He commended the decision made by the company as a bold step forward.