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 February 2013


Top story

1.6 million hectares of verified legal forest 

Barama (BCL), a logging and wood products manufacturing company in Guyana, operates in a 1.6 million hectare concession. The company has secured internationally recognised forest certification.
BCL worked with the Tropical Forest Trust (TFT) to develop a Verified Legal Origin (VLO) system for their operations.  The Rainforest Alliance developed a certification scheme for BCL which was subsequently put into operation and audited. The company now claims to have the largest single block of VLO tropical forest in the world.

Also in this issue

  • Malaysia’s furniture exports set to exceed US$2 billion for 2012
  • ​Indonesia considers ‘wood terminals’ to supply industry
  • Comprehensive planning puts Guyana in good stead for negotiations on VPA
  • Despite recent improvement Japan’s 2012 housing starts one of lowest since 1965
  • China’s flooring sales fall 5 percent
  • Short-term increase in EU tropical hardwood imports
  • NGO highlights improvements in tropical forest governance
  • Ipe and wood-plastic composites used for US boardwalk

Data snapshot

EU guidance on EUTR

The European Timber Trade Federation (ETTF) has made available the latest EU guidance on the EU Timber Regulation which includes an expanded explanation of the obligations of the various parties in the supply chain. The document can be found at:
This document provides an explanation of those parts of the legislative text that the trade found difficult to understand and is a useful guide for exporters who wish to understand the process of implementation and enforcement of the EUTR in EU member states.
The guide includes a definition of ‘placing on the market’ under the EUTR and of ‘operators’ and their responsibilities under the new law.  It also provides further elaboration on the position of timber agents and brokers on whom the EU timber trade had raised concern.
Other sections of the document discuss the definition of ‘negligible risk’ of timber illegality, clarification of the EUTR term ‘complexity of the supply chain’, and the requirement for documents indicating compliance with ‘applicable legislation in the country of origin’.

This document is primarily a guide for the EU trade but is a ‘must read’ for all exporters.




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