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 July 2018

Top story

Third party certification bodies in Myanmar ready to start work

The Secretary of the Myanmar Forest Certification Committee (MFCC) has reported that independent Third Party Certification Bodies (CB) will be ready to start the certification process in July this year.

He said the system and documentation are almost completed and training for the auditors has been completed. A ‘soft’ launch will take place in July.


Headlines
  • Ghana introduces cargo tracking system for imports
  • Indonesian government to review export duties
  • Proposal for plantation log export in Myanmar
  • Supply of Vietnamese plywood to Japan now stabilising
  • Zhangzhou Customs - Phytosanitary certificates for logs – now to be sent electronically
  • Slow growth in EU wooden furniture and joinery sectors in 2017 
  • Tropical wood and furniture products from China face new US tariffs
  • for co-operation with Myanmar on teak
 

             
 

Data snapshot

A rich and diverse resource


snap2018_7A.jpg

Photo by: R. Carrillo/ITTO

It has been estimated that out of the approximately 45,000 tree species in tropical forests only 1,500, or just 3%, are used commercially. At such a low utilisation rate it is not surprising that tropical forests are under threat of clearance. The timber industry needs to find ways to add more value to tropical forests.

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