If all mahogany trees in Vanua Levu were logged, the sector could potentially generate around $745 million, as stated by Commissioner Northern Uraia Rainima. He noted that the total area of mahogany plantations on the island spans 16,713 hectares, which amounts to approximately 2.5 million cubic meters of mahogany sawn logs. During consultations organized by the Fiji Hardwood Corporation Ltd in Labasa, Mr. Rainima mentioned that the current average log price would yield $298 per cubic meter from these logs.
He further explained that if these logs were processed into sawn timber, their value could potentially double. Mr. Rainima emphasized the importance of selling Vanua Levu mahogany in niche international markets to maximize profit from its current timber value.
The Fiji Hardwood Corporation is preparing to commence harvesting operations in Vanua Levu for the first time, with General Manager Semi Dranibaka expressing their commitment to work collaboratively with landowners to ensure a smooth process. Mr. Rainima supported these efforts, highlighting that landowners in the North have been waiting for decades to harvest their mahogany trees, which is essential for fulfilling the purpose of leasing their land for mahogany planting.
He also mentioned that this initiative would contribute to empowering landowners and advancing sustainable development efforts. The National Development Plan outlines a strategy for inclusive and sustainable development, focusing on poverty alleviation, social welfare, and environmental protection. Mr. Rainima characterized the decision made by the company as a brave one.