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.


 

 

16-31 August 2014

Top story

Chief Minister declares certification is the way forward for timber industry in Sarawak

On 20 August at a seminar on forest certification Sarawak’s Chief Minister, Tan Sri Datuk Amar (Dr.) Haji Adenan Bin Haji Satem, declared that forest certification is the way forward for the timber industries in Sarawak and set targets and a timeline for the industry.
 
He said “The timber industry must co-operate fully with the government to combat the negative perception that the state’s forest policy is poorly or ineffectively managed. For the timber industry forest management certification is the best available way forward.”

Also in this issue

  • Indonesia reports jump in furniture exports to EU
  • Improved business sentiment in India drives up demand for reconstituted boards
  • Pará timber exporters face a raw material crisis
  • August marks fourth consecutive fall in household spending in Japan
  • Furniture exports from Heilongjiang collapse
  • Sharp rise in EU imports of hardwood plywood
  • but
  • Mixed fortunes for tropical hardwood plywood in Europe
  • Steady growth in US imports of tropical sawnwood 

Data snapshot

 



Data source: Open Financial Data Project

 

The Transpacific Stabilization Agreement (TSA) a forum for container shipping companies that serve the transpacific trade is urging members to raise container freight rates by just over 14% from 1 September as demand has improved and container utilization rates have jumped. If this move is accepted in the market shipping companies could recoup some of the losses from last year.
 
Shipping freight rates are a good indicator of changes in world trade and rates have begun to increase reflecting an expansion in global trade.
 
For more see: http://www.tsacarriers.org/

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