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 February 2015

Top story

Strike threatens US furniture sector

The US furniture industry is worried about the possibility that 29 ports on the West Coast will shut down because of a labour dispute.
 
US manufacturers and retailers depend on furniture and parts imported from Asia. The dramatic effect of a port closure may lead to US manufacturers and retailers to rethink their supply chains.
 
About 55% of all US imports enter the country through the West Coast ports.

Also in this issue

  • Business outlook in Ghana to improve with arrival of power generators
  • Foreign workers resist Malaysia’s increase in visa fee
  • Construction activity in India boosting demand for plywood
  • Mato Grosso industries secure repeal of logging restrictions
  • Major review of FLEGT Action Plan and EUTR underway
  • Cameroon leads tropical sawnwood shipments to Canada

Data snapshot

Exchange rate volatility increasing the costs of international trade



 

High currency volatility increases both the risks and the costs of international trade and exchange rate volatility is beginning to have a negative impact exporters which could result in more focusing on their domestic markets at the expense of international markets.
Fluctuations in currency markets are all now working to make the likelihood of any strong comeback during the first half of the year very low. While a weak currency might provide a short-term boost to a countries engaging in currency devaluation but as more countries follow the same route the more fluctuations in exchange rate will impact trade.

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