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 2011


Top story

No significant growth in US home renovation spending expected

The outlook for US home remodelling expenditures in 2011 was revised downward by the Joint Center for Housing Studies of Harvard University.
 
The state of the housing market and concerns over the slow economic recovery is expected to moderate growth in spending on remodelling.
 
Spending levels in the second and third quarter of 2011 (spring and summer) are likely to surpass 2009 and 2010 spending levels, but by the end of 2011 expenditures are expected to be back to the relatively low levels of 2010.

 

Also in this issue

  • Significant price gains for W. African sawnwood over the past two weeks
  • Industry cautioned on high  expectations of Japanese demand
  • Foreign investment in India directed to the furniture sector
  • Pará State timber sector expands formal employment levels
  • ITTO member countries called upon to assist Japan 
  • Certification central to marketing tropical hardwood in Europe
  • Need to increase EU demand for lesser used species          

Data Snapshot

Kolkata port cargo traffic trends
(In Lakh Tonnes, one lakh equals 100,000)
 

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Kolkata Port handled 46.423 million tonnes of traffic in 2009-2010 against the traffic of 54.220 million tonnes handled in 2008-2009.
 
Kolkata Dock System (KDS) handled a traffic of 13.045 million tonnes in 2009-2010 as against 12.428 million tonnes in 2008-2009 registering a growth of 5%. At Haldia Dock Complex (HDC), 33.378 million tonnes of traffic was handled in 2009-2010 as against 41.792 million tonnes in 2008-2009.
 
The number of vessels handled at Kolkata Port during 2009-2010 was the highest amongst all major ports in the country. The port handled 17% of the total number of vessels calling at major Indian ports and 3510 vessels called at the port in 2009-2010 against 3494 vessels in 2008-2009.
 
For more info see http://www.kolkataporttrust.gov.in/
 


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