Market Information Service

Towards greater transparency in the tropical timber markets

The ITTO Tropical Timber Market (TTM) Report, an output of the ITTO Market Information Service (MIS), is published in English every two weeks with the aim of improving transparency in the international tropical timber market. The TTM provides market trends and trade news from around the world, as well as indicative prices for over 400 tropical timber and added-value products.


 

 

1-15 March 2015

Top story

CREDAI – nothing in Indian budget for real estate sector

The business community in India has generally welcomed the latest Indian budget as it focusses on improving infrastructure which will have a lasting impact on growth prospects.
 
However, the Confederation of Real Estate Developers’ Associations of India (CREDAI) has expressed disappointment saying there is little in the budget for the real estate sector and the increase in service tax will increase the cost of buying a home.

Also in this issue

  • Regional demand - the opportunity for African timber industry
  • Industries in Ghana continue to face power crisis
  • Indonesia’s SMEs struggle to compete in international markets
  • Myanmar’s teak harvest to fall below 100,000 tons
  • Acceptance of poplar a lifeline for Indian plywood makers
  • Initiative in support of exporters launched in Brazil
  • Certified Forest Products Promotion Council established in Japan
  • China’s Strategy for timber reserves unfolds

Data snapshot

Use a wide variety of market information sources for the best results



 

A survey of Chinese small and medium sized timber enterprises conducted during implementation of an ITTO project revealed where these enterprises gather market information. The results, illustrated above, are revealing in that trade fairs and the internet feature strongly.  Second ranked sources of information cluster around timber associations, buyers and other companies. 
 

Managers should always consider using a wide variety of sources of market information. There is a wide array of sources available and while it takes imagination and determination to locate them the rewards are bankable.

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