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 September 2015

Top story

Strategic alliance between Malaysian and Guangdong timber sectors

Much of the wood raw material for manufacturers in Guangdong comes from South East Asia, especially Malaysia and, because demand for imported timber from manufacturers in Guangdong is expected to grow, an opportunity was seen to expand the “One Belt One Road” Malaysia-China Economic Initiative.
The Malaysian Wood Industries Association, the Timber Exporters’ Association of Malaysia and the Guangdong Timber Industry Association have concluded a wide ranging agreement expected to lead to increased cooperation and trade.

Also in this issue

  • Fears linger in Middle East over shipment of low priced SE Asian sawnwood
  • Sarawak log production falls in first half of 2015
  • All eyes on opportunities in development of smart cities in India
  • ABIMCI pleads for stimulus for Brazilian timber companies
  • Strategic alliance between Malaysian and Guangdong timber sectors
  • No real recovery in EU hardwood consuming sectors
  • Structural changes in US hardwood production and sales
  • US imports of wooden furniture rise

Data snapshot

Monsoon impacts much more than agri-output in India


Every year Indian plywood and wood product manufacturers carefully watch the development of the monsoon rains, not because harvests or production would be affected but because of the impact a below average monsoon rain would have on the national economy.
The monsoon season in India from June to September plays a vital role in crop production, which in turn affects rural incomes, food prices, household spending and consumer sentiment across all sector of the economy.
The ITTO analyst in India writes “We had dry spell for about two weeks and the media was forecasting doom saying the crops will fail. Famine was forecast, water shortage were forecast and then with Gods Almighty's mercy in  rushed heavy rains for 3 day to everyone’s relief –That is my India.”


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