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 May 2009

Top story

PEFC endorses MTCS

On 5 May, the Programme for the Endorsement of Certification (PEFC) announced that the Malaysian Timber Certification Scheme (MTCS) had become the first tropical timber certification scheme in the Asia-Pacific region to be endorsed by the Programme. The MTCS, which is operated by the Malaysian Timber Certification Council (MTCC), is also the only tropical scheme to be endorsed by the PEFC after the Gabonese Forest Certification Scheme, reported The Daily Express. The Chairman of the MTCC, Dato Dr. Freezailah Che Yeom, said the endorsement allows the MTCS to gain mutual recognition with 26 other PEFC-related certification schemes. It also allows MTCS-certified manufacturers and exporters to combine PEFC-certified material from Malaysia with other PEFC-certified material under the PEFC logo.

EC concludes VPA with Republic of Congo

The European Commission (EC) has announced the successful conclusion of a Voluntary Partnership Agreement (VPA) with the Republic of Congo to tackle the problem of illegal logging and illegal trade. The system established under the Agreement will ensure timber products exported to the EU from the Congo will be from legal sources. The first legal exports to Europe under the new system are expected in 2011. By that time, a system of legal verification and traceability will be in place, requiring the timber products to be supported by licences showing the products have been legally harvested and are from sustainably managed forest sources.


India mulls slapping 30% duty on Indonesian particleboard

Indonesian particleboard exports to India, together with those from other countries, may be subject to a safeguard duty of up to 30%, noted Business Standard. The Directorate General of Safeguards (DGS) of India has recommended imposing this duty, which is a form of emergency import duty, for a period of up to 200 days as a measure to protect Indian particleboard manufacturers.

Also in this issue

  • EC concludes VPA with Republic of Congo
  • Scanstyle harness saw dust to generate electricity 
  • PEFC endorses MTCS
  • India mulls slapping 30% duty on Indonesian particleboard
  • Norway reaffirms commitment to Amazon Fund
  • Brazilian furniture exports tumble more than 29%
  • Peruvian army gets involved with indigenous dispute
  • Peru could compensate Indian communities for protecting Amazon
  • Guyana’s prices show continued resilience over previous fortnight
  • Projections show lower Japanese demand in 2nd and 3rd quarters
  • China exports drop significantly in first quarter
  • Signs of economic improvement in Europe may be temporary
  • Germany’s Interzum show provides a snapshot of trends


Data snapshot

Chart 1: Expected demand for Southsea logs and lumber and all plywood to Japan, 2Q and 3Q of 2008 and 2009 (1000 m³) (Source: Forestry Agency, note:  2Q and 3Q of 2009 are estimates) 


The chart above shows the projections in supply and demand for Southsea logs and lumber and plywood in Japan in the second and third quarters of 2009. Both domestic and foreign timber demand was expected to fall 10-20% compared to the same period in the previous year.

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