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 2008

Top story

Myanmar struggles to recover from Cyclone Nargis

Timber trading in Myanmar has come to a standstill after 2 May, as the country struggles to recover from the aftermath of Cyclone Nargis. In Yangon, many sunken vessels remain in the harbor and shipping is expected to be impacted for a number of weeks. The BBC reported that aid had been able to reach less than a third at risk and estimated that over 32,000 people had lost their lives as a result of the storm.

At the same time, the Associated Press reported that the U.S. government slapped further sanctions on Myanmar companies, including the Myanmar Timber Enterprise. President Bush announced that a new executive order was issued to allow the US to freeze assets of state-owned businesses that would supply funding to Myanmar’s military junta. The order, issued by the US Treasury Department’s Office of Foreign Assets control said it would freeze any assets found in the US belonging to the Myanmar Gem Enterprise, the Myanmar Pearl Enterprise and the Myanmar Timber Enterprise.

Peru sets up Ministry of Environment

On 13 May 2008, the details of the legislative directive forming Peru’s Ministry of Environment were announced. The directive indicates the Ministry has the primary objective of: conserving the environment; ensuring the sustainable, responsible, rational and ethical use of natural resources and a sustainable environment that contributes to the essential social, economic and cultural development of human beings; and securing the right of present and future generations to enjoy a stable environment in which to develop their lives. The National Institute for National Resources (INRENA) and the National Commission of the Environment (CONAM) will be incorporated into the Ministry of Environment and the National System for State Protected Natural Areas (SINANPE). A fund for protected areas will be created as a result of the directive, and a governing body will be established to provide advice on the protected areas scheme.

Also in this issue

  • West African markets quieten amid lower demand
  • Ghana’s TIDD introduces new permit invoice
  • Ghana and EU poised to formalize VPA
  • Malaysia prices maintain strength after Cyclone Nargis
  • Unilever pledges to use Indonesia palm oil from sustainable sources
  • Mangrove destruction contributed to devastation in Myanmar
  • IBAMA nets BRL60 million in fines over two month period
  • Brazil gets CITES green light to trade mahogany
  • Peru modifies mahogany export quota
  • ITTO holds climate change and SFM conference
  • China National Forestry Certification Center to open soon
  • China’s Q1 results show slowdown in imports
  • Dutch and Belgian importers boost market share across the EU
  • Europe gives market boost to certified Malaysian wood products

Download report