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Madagascar | CITES again rebuffs plan to sell stockpile of seized rosewood

A single log of rosewood from Madagascar can sell for thousands of dollars in China, and a bed made from the wood can cost as much as $1 million. But an embargo on international rosewood sales under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) makes the sale of Madagascar rosewood illegal. This has left people in Madagascar with the task of figuring out what to do with all of the rosewood that’s already been logged, but remains in country — a huge supply of logs and planks collectively worth tens of millions of dollars.


At a meeting in Sochi, Russia, earlier this month, CITES’s Standing Committee rejected Madagascar’s latest business plan to sell off its rosewood stockpiles, largely because the plan called for local timber barons to be paid for their wood.


https://news.mongabay.com/2018/10/cites-rejects-another-madagascar-plan-to-sell-illegal-rosewood-stockpiles/

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