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 April 2016

Top story

Myanmar mulls log harvesting ban


A proposal has been submitted to the new government in Myanmar advising a halt to log harvesting. While there is no official announcement a senior official of the Myanma Timber Enterprise has been quoted as saying that his organisation intends to end its logging operations from the end of this fiscal year.

The private sector in Myanmar was shocked but is not opposed to a halt to logging to allow for conservation measures to be implemented but would prefer a phased approach allowing time to adjust production.
 

Also in this issue

  • Gabon slaps on high container scanning charges              
  • Most of Ghana’s overland exports are plywood
  • Indonesia set to achieve FLEGT licensing
  • IKEA seeks expansion of retailing in India
  • Massive rescue and recovery effort underway after Japan quake
  • New forest reserves for China to rebalance timber supply and demand
  • EU wood flooring imports from tropical countries rise
  • Vietnam’s share of US furniture imports tops 20%

Data snapshot

Massive quakes hitting South West Japan



Source Wikipedia: By Phoenix7777 - Own workData source: Home > Weather and Earthquakes > Earthquake Information. Japan Meteorological Agency. April 14 – April 17, April 15 – April 22, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=48227952

On April 14th, 2016 at 9:26 pm (Japan time), a strong earthquake (Magnitude 6.5) occurred in the Kumamoto area of Kyushu, followed by the second one (Magnitude 7.3) on April 16th, 2016 at 1:25 am.
 
The twin quakes have destroyed over 13,000 homes, damaged more than 15,000 other homes and the local government’s first estimate of damage to agriculture and forestry is over ¥20 billion.

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