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.


 

 

16-29 February 2008

Top story

Gabon implements log quotas

Over the last two weeks, Gabon announced the implementation of quota volumes for qualifying timber companies. There were mixed reactions from the companies, as a number felt their volume allocation was insufficient, while others were assigned workable volumes. Excluding January, the planned export log volume for the remaining 11 months of 2008 is just under 1.6 million m³. Of this, 350,000m³ was allocated to the State owned SNBG, the enterprise that previously held the monopoly for export of logs. All the exporting companies with the exception SNBG now have to be equipped with or be advanced in building processing facilities. More stringent controls are proposed on checking volumes by a technical facility that was separated from SNBG and the customs department.

Although the government of Equatorial Guinea recently banned the export of logs, it is understood that substantial volumes are still being shipped out of the country. Exports as much as 30,000m³ per month are rumored. Reports also say that log exports from Congo Brazzaville can be in excess of the planned quota for those companies involved in reforestation projects.


In other news: PNG Forest Minister announces phase out of log exports by 2010

Forest Minister Belden Namah announced that PNG will phase out exports of logs by 2010 and develop downstream processing, reported The National. One potential impact of this action may be a loss of nearly K450 million in export revenue. On the other hand, landowners’ income may also rise, as the authorities have instituted a K20 per m³ rise in royalties for landowners. Mr. Namah also encouraged the development of downstream processing in the forestry sector and suggested that logging projects should provide secondary benefits to communities, such as improved roads and other infrastructure. Namah noted that if companies did not comply with logging laws, they would have their timber permits revoked.


Also in this issue

  • Ghana Minister revokes timber company license
  • Ghana’s timber exports jump 17% in 2007
  • Weak markets make Malaysia oil palm investments more attractive
  • China demand and BNI report boost Indonesia prices
  • Business as usual reported in Myanmar
  • Timber sector crisis continues in Mato Grosso
  • Brazil’s exports rise by 7.7%
  • ITTO grants funds to expand seedling production in Brazil
  • Guyana sawnwood prices fall on sliding demand from South Pacific
  • Yearly trends reveal decline of Japan’s wood products imports
  • EU drops anti-dumping review of Chinese plywood
  • Blizzard conditions cripple Chinese forestry industry
  • Signs of economic slowdown in Europe may impact hardwood trade
  • UK plywood market remains sluggish

Data snapshot

Peru Wood Exports By Country

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The main destination market for Peru’s wood products was Mexico, as it received 33% of wood exports. The US fell to second position from its top position in 2006 due to its decrease of sawnwood imports and ongoing economic problems in the country. China held the third position, losing a slight market share due to falling prices for species such as cumaru. Although the US, Mexico and China are still the main destinations for Peru’s wood products exports, EU markets are gaining in importance, especially Spain and Italy.

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