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 August 2018

Top story

Myanmar launches legality certification system

The Myanmar Forest Certification Committee (MFCC) launched its legality certification system at an 8 August workshop in Yangon. There are four Certification Bodies, three local and one international, which will issue Legality Compliance Certificates under the Myanmar Timber Legality Assurance System (MTLAS).

 
The tracking and certification system was designed by international consultants funded by the Prince Albert II of Monaco Foundation.

Headlines
  • Crises and brutal weakening of European timber operations in Africa
  • Malaysia’s MTC has new chairman
  • Surge in residential sales in seven Indian cities
  • Brazilian industry calls for review of logging law
  • Japan’s log exports rising fast
  • Nigeria and Indonesia main suppliers of Chinese ‘‘redwood’’
  • Certified sustainable business model in Africa challenged by structural change
     
 

             
 

Surge in residential sales in Indian cities


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Data source: CREDAI

Booming home sales in Hyderabad and Kolkata
A recent press release from CREDAI reports unprecedented growth in the Indian real estate industry. Overall, first half 2018 sales are up around 25% year on year.
 
The general consensus among real estate companies is that the market has bottomed out and capital values are now expected to rise and this has boosted home buyer confidence
 
For more see: https://credai.org/press-releases/credai-jll-report-reveals-25-surge-y-o-y-in-cumulative-residential-sales-in-top-seven-cities-of-india-in-h1-2018-at-natcon-2018-berlin

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