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 December 2016

Top story


TTF extends congratulations to Indonesia

The UK Timber Trade Federation (TTF) has extended congratulations to Indonesia and the EU in achieving the first shipment of FLEGT licensed timber.
 
Several TTF members including James Latham, Meyer Timber, Hanson Plywood and MDM Timber have taken delivery of FLEGT licensed shipments.


Also in this issue

  • Millers seek improved business climate from new Ghana government
  • South African construction industry continues to face tough times
  • Myanmar industry asks - Are confiscated and then auctioned logs considered legal?
  • No direct impact on formal real estate market from demonetisation says CREDAI          
  • No need for Dalbergia restrictions in India say manufacturers
  • US group seeks antidumping duty on Chinese plywood
  • Innovation critical to hardwood competitiveness – a private sector view
  • Positive outlook for US hardwood flooring market


Data snapshot

The Trump effect could drive inflation in Japan



 

President-elect Trump promises of tax cuts and increased infrastructure spending and the latest interest rate increase in the US has had a major impact on exchange rates around the world.
 
This year the yen/US$ exchange was very volatile, even eclipsing sterling which was battered after the June referendum. In past 3 months the yen has dropped 12% against the US dollar followed by the NZ dollar (-11%), the Swedish Krone (-10%), the Euro (-9.5%) and the Canadian dollar about 9%.
 
It now seems likely that Japan's inflation could turn positive more quickly than projected by the Bank of Japan especially if the yen stays below 110 (or lower) against the dollar for a few months.

 

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