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 January 2009

Top story

Guyana's new Forestry Bill passes with unanimous support

Guyana’s Forest Bill 2007 (Bill No. 21 of 2007), which seeks to consolidate and amend the law relating to forests, was unanimously passed by Parliament on 22 January 2009. The Forest Bill 2007 will serve to significantly enhance the quality of environmental management, the contribution of the forest sector to Guyana, and the benefits derived for forest-based communities and surrounding areas.

The Bill was the product of a lengthy public consultation with various stakeholder groups including Amerindian NGOs, the Forest Products Association, Guyana Manufacturing Association, civil society groups, and even a number of international organizations. The Bill takes into account the important contribution and role played by Guyana’s forest resources in climate change mitigation and the provision of environmental services. It also seeks to update existing legislation under which forests are managed with keen regard to international best practices for sustainable forest management and legality. The Forest Bill also recognizes forests’ vital role in poverty alleviation especially in relation to forest dependent communities.

DRC cancels nearly 60% of timber contracts

After a review of 156 logging deals in the Democratic Republic of Congo (DRC), the government has cancelled nearly 60% of timber contracts in the country’s rainforests, reported the BBC. The investigations, backed by the World Bank, were conducted with the view to exposing corruption and enforcing environmental standards. The investigations concluded that only 65 of the existing deals were viable. The government notified the relevant companies of the cancelled contracts and indicated new contracts would be issued for 90,000 square kilometers of forest area.

Also in this issue

  • Prices fluctuate as low trade hits producers
  • Ghana’s contracts drop in third quarter 2008
  • Malaysia’s timber business expects declines after Chinese New Year
  • Domestic prices of Indonesia’s wood products plunge
  • Germany provides EUR20 million to preserve Peru’s forests
  • Brazil’s November/December 2008 exports fall
  • Peru signs FTA with US
  • Early 2009 brings strong results for Guyana
  • Short term EU market prospects very poor
  • Japan’s projected to import less lumber in 2009
  • Economic indicators show deteriorating trend in EU

Data snapshot


snapshot1_20090116.gif

Brazil’s wood products exports (except pulp and paper) in the month of November 2008 slipped from November 2007 levels, decreasing in value by 45.7%. The largest year-on-year fall in exports by value was in pine sawnwood products. The charts above show the volume and value of Brazil’s exports for November 2008 compared to the same month a year earlier.

snapshot2_20090116.gif

In December 2008, solidwood exports dropped 33.2% compared to the previous year’s levels. The value of all other wood exports, with the exception of wood furniture, fell by value during the month of December 2008. The charts above show the volume and value of Brazil’s exports for December 2008 compared to the same month a year earlier.

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