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.


 

 

16-30 June 2008

Top story

New forestry law in Peru modifies country’s SFM guidelines

A new forestry law was gazetted in Peru at the end of June, which details new requirements for forest management in the country. The provisions of the new law include: all CITES-listed timber species must be field verified prior to logging; all log and timber transportation means (such as skidders and trucks) must have a GPS tracking system; logging bans on species can be called for in areas outside of forest concessions with approved management plans; criteria and indicators are required to track sustainable forest management progress in concessions; and palm oil, palm heart, bamboo, and other plantations previously categorized as agro-industrial are now categorized as forest plantations. The total implementation cost of the new law has not yet been announced.


Also in this issue

  • Difficult market conditions linger for West African producers
  • Lumber tops first quarter timber contracts in Ghana
  • ECOWAS sub-regional market boosts Ghana’s overland exports
  • Malaysia’s trade with China grows 25.1%
  • Asmindo and Senada encourage use of verification stamps
  • Brazil may increase maximum limit of forest conversion
  • Arco de Fogo Operation to target large scale operations
  • Brazilian wood products exports fall 17.6%
  • Peru’s first quarter exports jump 34.2%
  • Bolivia’s first quarter exports from La Paz and Santa Cruz drop 26%
  • Seven and i Holdings contribute JPY100 million to ITTO
  • Japanese plywood imports and housing starts rise in April 2008
  • IFC and Morgan Stanley invest in China’s sustainable wood flooring
  • Value of sawnwood imports though Suifenhe Port jump 58%
  • European buying for lumber very subdued
  • Germany’s tropical imports plummet

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