Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia
Previous studies have shown that tropical forests are under valued. This may result in unsustainable harvest, biased against conservation and low revenue to the government. A study was conducted m the state of Pahang, Peninsula Malaysia to determine the trend and patterns of tender prices based o...
| Main Author: | |
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| Format: | Project Paper Report |
| Language: | English English |
| Published: |
1999
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| Subjects: | |
| Online Access: | http://psasir.upm.edu.my/id/eprint/9989/1/FH_1999_13_IR.pdf |
| _version_ | 1796967864226283520 |
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| author | Zamah Shari, Nur Hajar |
| author_facet | Zamah Shari, Nur Hajar |
| author_sort | Zamah Shari, Nur Hajar |
| collection | UPM |
| description | Previous studies have shown that tropical forests are under valued. This may
result in unsustainable harvest, biased against conservation and low revenue to the
government. A study was conducted m the state of Pahang, Peninsula Malaysia to
determine the trend and patterns of tender prices based on 277 logging transactions
between the period 1993 to 1998. An analysis was also conducted to compare the
actual tender price offered by the concessionaires with the estimated tender price
using residual value technique for three logging compartments. Data on tender
prices were collected from the Pahang State Forestry Department sales record. For
the comparative analysis of tender price between actual and estimated price, data
were obtained from state-own logging enterprises. These include data on timber
volume, log price, logging and actual tender price. The result indicate that the
average tender price offered by the concessionaires is RM6,271.44 per hectare, and
the highest average tender price IS RM14,236.51 per hectare. The highest average
tender prices (RM10,558.76 per hectare) is in the District of Lipis, followed by
District of Jerantut (RM8,996.21). In general, the tender price has shown
fluctuating trends during the study period, mainly due to economic situation and
demand supply situation of log. The result from comparative analysis indicates that
the concessionaires are relatively over-estimate the stumpage value, ranging from
6.4 to 20.14 percent. The study suggests that tendering would indicate full market
value of a logging compartment when it is used for timber production. The
estimated tender price using the residual value technique can be used to set the floor
price. Further research is needed to obtain a comprehensive tendering mechanism
before Implementing any police reform on forest revenue system in the state. |
| first_indexed | 2024-03-06T07:20:02Z |
| format | Project Paper Report |
| id | upm.eprints-9989 |
| institution | Universiti Putra Malaysia |
| language | English English |
| last_indexed | 2024-03-06T07:20:02Z |
| publishDate | 1999 |
| record_format | dspace |
| spelling | upm.eprints-99892023-12-06T01:43:02Z http://psasir.upm.edu.my/id/eprint/9989/ Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia Zamah Shari, Nur Hajar Previous studies have shown that tropical forests are under valued. This may result in unsustainable harvest, biased against conservation and low revenue to the government. A study was conducted m the state of Pahang, Peninsula Malaysia to determine the trend and patterns of tender prices based on 277 logging transactions between the period 1993 to 1998. An analysis was also conducted to compare the actual tender price offered by the concessionaires with the estimated tender price using residual value technique for three logging compartments. Data on tender prices were collected from the Pahang State Forestry Department sales record. For the comparative analysis of tender price between actual and estimated price, data were obtained from state-own logging enterprises. These include data on timber volume, log price, logging and actual tender price. The result indicate that the average tender price offered by the concessionaires is RM6,271.44 per hectare, and the highest average tender price IS RM14,236.51 per hectare. The highest average tender prices (RM10,558.76 per hectare) is in the District of Lipis, followed by District of Jerantut (RM8,996.21). In general, the tender price has shown fluctuating trends during the study period, mainly due to economic situation and demand supply situation of log. The result from comparative analysis indicates that the concessionaires are relatively over-estimate the stumpage value, ranging from 6.4 to 20.14 percent. The study suggests that tendering would indicate full market value of a logging compartment when it is used for timber production. The estimated tender price using the residual value technique can be used to set the floor price. Further research is needed to obtain a comprehensive tendering mechanism before Implementing any police reform on forest revenue system in the state. 1999 Project Paper Report NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/9989/1/FH_1999_13_IR.pdf Zamah Shari, Nur Hajar (1999) Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia. [Project Paper Report] Stumpwood - Pahang - Economic aspects English |
| spellingShingle | Stumpwood - Pahang - Economic aspects Zamah Shari, Nur Hajar Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia |
| title | Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia |
| title_full | Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia |
| title_fullStr | Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia |
| title_full_unstemmed | Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia |
| title_short | Stumpage Appraisal Using Tender Price in Pahang, Peninsular Malaysia |
| title_sort | stumpage appraisal using tender price in pahang peninsular malaysia |
| topic | Stumpwood - Pahang - Economic aspects |
| url | http://psasir.upm.edu.my/id/eprint/9989/1/FH_1999_13_IR.pdf |
| work_keys_str_mv | AT zamahsharinurhajar stumpageappraisalusingtenderpriceinpahangpeninsularmalaysia |