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 2018

Top story

China-Europe railway linked to Chengdu timber distribution centre

The China-Europe Express (CR Express) train connects 48 Chinese cities with over 40 cities in 14 European countries and is becoming a fast-track cargo option for Chinese importers.
 
Over the past 7 years the service has clocked 1,000 trips taking Chinese manufactured goods to Europe while bringing back European food, machinery as well as timber raw materials.


Headlines
  • Timber industry transformation plan for Sarawak
  • Multi-Stakeholders Group for VPA negotiations in Myanmar
  • India’s GST  - one year on
  • Brazilian timber sector supports revival of construction sector
  • Minister - a significant part of Peru’s Amazon forest can be commercially utilised
  • Double disaster rocks Japan
  • China’s tropical log imports jumped 22% in the first quarter
  • Indonesia boosts share of EU tropical joinery Imports
  • US considers additional tariffs on China – wood products included
 

             
 

Demurrage can be avoided


snap2018_9A.jpg
Data source: AGI Ghana

Demurrage costs run into millionsContainer demurrage
has become an issue in Ghana as large payments are
involved. Keeping a container beyond the contracted period
attracts charges. A 2016 study found 85% of containers
shipped to Ghana attract demurrage.
See: https://agighana.org/uploaded_files/

document/cf357556fdfc73d242428e6c8577ba79.pdf

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