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 September 2008

Top story

Ghana and EU sign landmark deal on illegal timber

On 3 September 2008, the European Union (EU) and Ghana signed a Voluntary Partnership Agreement (VPA) that is designed to stop illegally felled timber from Ghana from entering the EU market. Agence France Presse noted that the Agreement was regarded as a landmark deal to fight illegal timber exports from Ghana by ensuring that all timber exported from the country is certified as legal. Current statistics indicate that about 60% of logging across Ghana in recent years has been classified as illegal, according to the World Bank.

Indonesian timber companies to be inspected for illegally felled timber

The Jakarta Post reported on new measures for Indonesian timber companies, which will be required to have their inventory inspected from the start of the supply chain to ensure it is from legal sources. The Ministry of Forestry will appoint independent auditors and consult local stakeholders to verify the timber chain of custody. The auditors will conduct field checks where timber is logged. In addition, companies utilizing timber as a raw material will need to obtain official legal certification by the government to verify their source materials as legal. Companies that do not comply with the above system will be prosecuted or have their operating licences revoked.

Also in this issue

  • Japan housing starts show year-on-year rise of 19%
  • Ghana climate change talks outline post-2012 policy options
  • Malaysia delegation to Europe to defend oil palm activities
  • Trade members in Sabah call for end to bunker surcharge hikes
  • MTE moves away from using six month average prices
  • Norway invests funds in Brazil to fight deforestation
  • Amazonian furniture companies look to expand after PROMADEIRA
  • La Paz and Santa Cruz exports drop 17% in first half
  • Guyana’s value added exports show positive results
  • ITTO project shows utility of Guyana LUS
  • Log imports through Zhangjiangang Port drop in first half 2008
  • EU hardwood trade outlook gloomy
  • EU changes targets for biofuels

Data snapshot

Tropical log imports through Zhangjiangang Port, January to July 2007-2008


Local customs agencies at Zhangjiangang Port noted that the overall import volume dropped by 10% in the January to June 2008 period. A total of 1.642 million m³ of logs valued at USD410 million were imported from January to June 2008, down 12.7% and 14.1% respectively from the same period of 2007. PNG, Gabon and the Solomon Islands were the top three sources supplying logs to the Port. A total of 665,000 m³ were imported from PNG, up 32.7% from 2007. Log imports from Gabon amounted to 495,000 m³ and Solomon Islands’ log imports were 137,000 m³, down 22.2% and up 8.4%, respectively.

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