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 June 2018

Top story

Timber Green Supply Chain Initiative

At a recent international workshop a group of Chinese enterprises launched a’ Green Supply Chain Initiative’ with the aim of establishing and promoting trade in legal and sustainable timber.

Speaking to participants ITTO’s Executive Director said that successful green supply chains require a healthy private sector grounded in sound enabling frameworks, including incentives; fair taxation systems; clear rules; the absence of corruption and illegality; clear land tenure and rights; and the involvement of local people and smallholders..


Headlines
  • Chinese shipping company may begin a service out of Douala
  • Malaysia plans to reduce dependency on foreign workers
  • Prices controls compromise competitiveness say Brazilian exporters
  • Fumigation of logs imported from US forbidden in China
  • Tropical timber yet to benefit from more resilient EU trade
  • EU yacht industry calls for co-operation with Myanmar on teak
 

             

  Data snapshot

African trade

Export flows from African trade blocks (2016)
snap2018_6B.jpg

Data source:UNCTAD
 
ECCAS, Economic Community of Central African States
ECOWAS, Economic Community of West African States
WAEMU, West African Economic and Monetary Union
 

Current interlinkages between African economies are insufficient to accelerate economic growth among regional economic communities. Extra-regional trade has historically outpaced intra-regional trade, often by 90%. Africa lags behind much of the world in intra-regional integration.
 

Download report