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 October 2007

Top story

Myanmar log prices slump amid EU proposed measures

During the past two weeks, prices for log grades used by Europe fell substantially. Proposed actions taken by the EU to limit monetary transactions might have some influence on this month’s tender prices. For India and the rest of the Far East, it was business as usual, although others speculated this might be indicative of a ‘wait and see’ attitude with regard to the political situation in Myanmar. As Europe and the US are the final markets for high-end teak products, experts are uncertain as to how the situation may develop in the coming months. The average price of US$420 for export quality pyinkado is much less than the list price (US$470 to US$500). However, newly harvested pyinkado logs at export grade are being sold at list price.

Also in this issue

  • Sustained demand stabilizes prices for West African logs
  • Ghana launches project to revitalize MSME sector
  • HSBC to provide finance based on Equator Principles
  • Monsoon season in Malaysia leads to price hikes
  • Indonesian forestry minister notes importance of UNFCCC meeting
  • EU may ban Myanmar timber
  • Myanmar log prices slump amid EU proposed measures
  • Government reviews plans as Amazon deforestation accelerates
  • US housing slump impacts wood sector in southern Brazil
  • Federal police operation in Brazil cripples illegal exporters
  • Peru’s Loreto region leads in wood products exports
  • Mexican state of Tamaulipas invests in commercial plantations
  • Japan’s demand for Southsea logs remains bearish
  • China unveils new policies for forest industry development
  • FEFC sets higher rates from Europe to Asia
  • Additional homes will not avert housing crisis in England
  • US housing starts decline to lowest level since 1993
  • OSB consumption may slow despite major investments

Data snapshot

OSB consumption may slow despite major investments


Major capital investments of Oriented Strand Board (OSB) producers helped raise the capacity of US producers to 16,305 million square feet and Canadian producers to 12,594 million square feet in 2006. While capital investments are expected to continue through 2010, consumption of OSB is expected to slow from its peak levels in 2005, due to the falling dollar and decline of the US housing market.

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