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.


 

 

15-31 October 2013

Top story

Rosewood export ban begins January 2014

Ghana has announced a total ban on the harvesting and export of rosewood effective 1 January 2014.
 
Companies with licenses for the export of rosewood have a three-month period, (October to December 2013) to continue operating. When their permits expire at the end of this year the Ghana Forestry Commission will enforce the ban.
 
Rosewood is only found in the savannah zones of Ghana, particularly the Northern and the Brong Ahafo regions but harvesting has been so intense that it is being over-cut, threatening the fragile savannah forests 

 

Also in this issue

  • Stronger rupee brings Indian buyers back into the Myanmar log market
     
  • Brazil’s tropical plywood exports down sharply
     
  • Housing starts in Japan may slow in 2014
     
  • Foreign countries protest wood use point system introduced by Japan
     
  • China’s log imports up11% in first half
     
  • EU economy improving but no sign of rising tropical hardwood demand
     
  • US association criticises proposed formaldehyde emissions regulations

Data snapshot

 

Planted forest area brazil eucalyptus pine SFM

Source:Eurostat

Across the EU, signs are emerging of a gradual improvement in economic conditions and confidence.
 
Throughout the first three quarters of the year EU GDP growth has been in negative territory but the composite data for EU growth disguised good news in individual EU member states. Growth in some of the smaller economies has been an impressive  3-4% annually.
 
Overall GDP growth resumed from the second quarter of 2013 notably the UK and Germany and activity in the construction improved. However, there is little sign yet of these positive developments filtering through into the European market for tropical hardwood.

 

 


 
 

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