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 August 2008

Top story

Guyana’s log export policy set for implementation in 2009

His Excellency Bharrat Jagdeo, President of Guyana, on 29th July announced the implementation of a National Log Export Policy which will take effect from January 2009. This policy will increase the export commission rate on key species used in value-added production in the local industry in Guyana. The export commission rate on logs is currently 2%. The President explained that the decision had been taken following concerns by various stakeholders about the need for the stimulation of more value-added activities in Guyana, and for downstream processors of logs to receive adequate supplies of materials. Other options, including a ban on log exports were also considered in the process of developing the policy.


Value of China’s forest products up 14%

According to the latest statistics from China’s customs agencies, the total trade value of forest products in China (exports and imports) amounted to about USD31 billion in the first half of 2008, up 14% from the same period in 2007. The total import value was USD14.1 billion, rising 21% from last year, and the export value was USD16.9 billion, up 8.8% from the previous year. The balance of forest product trade was USD2.78 billion.


Also in this issue

  • European holidays slow West African market
  • Ghana receives new IDA credits for natural resources
  • Timber companies owe Ghana FC GHc12.4 million
  • MTIB to build furniture hub in Johor
  • EU grants Indonesian imports duty-free facility
  • PNAS claims Brazil is responsible for 48% of tropical deforestation
  • Brazilian government works to collect more fines
  • First semester furniture export results positive in some Brazilian states
  • Peru redirects furniture to new markets
  • Mexico to host Forest Expo in September 2008
  • Guyana posts strong results for July 2008
  • Statistics confirm EU trade slowdown in first half 2008
  • European building sector outlook forecast to grow slowly

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