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TTM Report Features Call for ITTO to Engage Private Sector in Tropical Timber Trade
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ITTO TTM Highlights India’s New Agroforestry Policy
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The International Tropical Timber Organization (ITTO) has launched the 16 - 31 March issue of the Tropical Timber Market (TTM) Report, which highlights the publication of a National Agroforestry Policy for India.
The policy is, according to the report, intended to more than double the area under agroforestry in order to address the timber shortage in India.
1 April 2014: The International Tropical Timber Organization (ITTO) has launched the 16-31 March issue of the Tropical Timber Market (TTM) Report, which highlights the publication of a National Agroforestry Policy for India. The policy is, according to the report, intended to more than double the area under agroforestry in order to address the timber shortage in India.
Other stories highlighted in the report include a review of the increase in log exports from Brazzaville, the Congo, as timber mills come on line with temporarily increased export allowances, as well as a note that Malaysian timber companies are expecting to benefit from the ban on log exports from Myanmar.
The report also draws a link between increased timber transport prices from Mato Grosso do Sul, Brazil and a request for a reduction in wood prices used to set taxes. In Japan, the report states that an upcoming tax increase has resulted in consumer confidence dropping to the lowest point since 2011, while in China, a diversification of sources for sawnwood imports increased the value of such imports by 16 percent compared to the previous year.
In the European Union (EU), the report highlights a decline in tropical wood imports and states that while construction statistics have risen, they remain well below levels from before the financial crisis. In the US, the report focuses on the expanding market share for non-wood decking products. According to the report, manufacturers of such products are increasingly turning to tropical timber replicas in order to make headway in new markets.
In addition to the headline stories, the report contains tropical timber market reports from Brazil, China, Ghana, Guyana, India, Indonesia, Japan, Malaysia, Myanmar and Peru. The report further recounts regional tropical timber market statistics from Central and West Africa, Europe and North America.
The TTM, published through the ITTO Market Information Service (MIS), requires free registration to access the reports. [Publication: Tropical Timber Market Report – Volume 18 Number 6]