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 November 2010


Top story

 

Dutch TPAC reverses decision on MTCS
On 22 October 2010, the Dutch Timber Procurement Assessment Committee (TPAC) reversed an earlier decision that the Malaysian Timber Certification System (MTCS) meets the Dutch Procurement Criteria for timber. Based on the TPAC’s advice, the Dutch State Secretary for Infrastructure and the Environment must now decide whether MTCS-certified timber will continue to be accepted under the Dutch government’s sustainable procurement policy.
 
TPAC initially concluded in March this year that MTCS met the Dutch Procurement Criteria. However this decision was reversed following consideration of a “notice of objection” filed in April 2010 by five Dutch civil society organizations.
 
The main reason for the reversed decision was on the interpretation of the rights of the indigenous communities living in the MTCS-certified forests. The TPAC also claimed that another weakness of the MTCS is the conversion of certified natural forests to other forms of land use, such as rubber plantation and infrastructure development.
(see details on page 14)

 


Also in this issue

  • Promising market prospects in Asia for Central/West African timber
  • Indonesian furniture sector falls short of export target
  • Available area for concessions in Brazilian Amazon exceeds 1 million
    hectares
  • Granting of new concession areas delegated to regional governments in Peru
  • Log prices forecast to climb in Japanese market
  • China’s log imports surged in first three quarters of 2010
     
  • US International Trade Commission investigates wood flooring imports from China
  • UK tropical sawnwood demand more upbeat than continental Europe
  • Furniture orders, shipments and retail improved slightly in US

Data Snapshot

United StatesGDP change

 Source: US Department of Commerce
 

After the collapse in the US economy in 2008-09, GDP experienced some recovery at the end of 2009. However, during 2010, the recovery of the US economy has been very slow with high unemployment and low inflation.
 
In order to boost the economy, the US Central Bank announced that it would inject US$600 billion into government bonds by mid 2011. Major exporting countries such as China and Germany criticized the move as it will make the US dollar cheaper and hurt exports to the US. Developing countries were also critical because a new flood of US dollars might increase the price of raw materials and commodities. 
 
 

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