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 March 2009

Top story

Ghana launches Electronic Export Permit system 

The Customs Excise and Preventive Service (CEPS), in consultation with the Timber Industry Development Division (TIDD) of the Forestry Commission (FC), announced the establishment of the Electronic Export Permit system through the Ghana Community Network (GCNet) and Ghana Customs Management System (GCMS). The new system was launched in Takoradi on 11 March 2009, after which all declarants / exporters applied for their export permits to the TIDD through the GCNet/GCMS. The new system was implemented after evidence of the increasing abuse by exporters using previous practices, which allowed the exporter to manually develop and complete export permit invoices for vetting and approval by TIDD.

Japan finalizes carbon offset system for forests

Japan Lumber Reports indicated that Japan’s Ministry of Forestry has established a forest carbon credit system. The system, which is based on the J-ver (Japan Verified Emissions Reduction) system launched in November 2008, will help calculate forest carbon dioxide absorption. The absorption will be calculated and estimated in credits, which can then be sold to carbon dioxide emitting companies already registered in the J-ver system. The Ministry hopes the credits will be traded in the carbon market and funds reinvested in the forestry industry.

Also in this issue

  • Mixed changes in West Africa log prices as demand fluctuates
  • ITTO holds national investment forum in Congo
  • Malaysian furniture manufacturers resist foreign worker levy hike
  • Demonstration over Arco de Fogo calls attention to economic needs
  • Surveys indicate increasing Brazilian layoffs
  • Head of CONAFOR resigns
  • Guyana’s forest set to attract new investment
  • Guangdong furniture enterprises generate USD10.2 billion in 2008
  • European hardwood market still in a slump
  • European traders push for verified legal products in Indonesia

Data snapshot

Tropical Plywood FOB Price Trends




Malaysian and Indonesian plywood prices continued to decline over the last fortnight, with demand for plywood low in traditional markets such as Japan, the US and Europe. In Europe, it is entirely a buyers market for plywood, with clients being very particular about what they want and the specific (always small) quantity required. There has been no pick up in Brazilian plywood imports despite these being duty exempt into Europe until the end of April. There are a few agents that are a little more positive – one suggesting that the European market should bottom out in April-May, with a bit more consumption in the spring months balancing the existing low levels of supply.

 


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