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 September 2014

Top story

Imported timber must be verified legal

Indonesia is proceeding with plans to require imported wood products meet the same strict verification of legality standard as its domestic timber legality verification system (SVLK).
 
The Director General of the Foreign Trade Section of the Ministry of Trade, Partogi Pangaribuan, said official documents would be finalised by the end of September so that all timber entering Indonesia can be verified as legal.
 
Indonesia aims to implement this new regulation in 2015.

Also in this issue

  • Generous incentives for investors in Republic of the Congo
  • Log export prices in Malaysia lifted by Myanmar ban
  • Brazil’s exports set to rise in second half 2014
  • First half North American log imports by Japan up in first half 2014
  • Guangdong furniture mill wages to reach RMB6000 in five years
  • Rebound in EU tropical hardwood imports unlikely in 2014
  • Mexico’s furniture exports to US surpass those from Indonesia and Malaysia

Data snapshot

Brazil’s plywood exports set to rise in second half 2014
 



Data source: ITTO MIS

 

Brazilian plywood manufacturers anticipate exports to the US could increase in the second half of the given the tripling of plywood exports to the US since March 2014. Weak demand from the Brazilian construction sector will mean manufacturers will be looking to increase exports
 
The only risk to the further growth in exports is the fluctuating exchange rate. The US dollar was around R$2.25 in April but a rate between R$2.70 and R$2.80 benefits exporters. 

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