1 July 2014, IISD news - The International Tropical Timber Organization (ITTO) launched  the 16-30 June issue of the Tropical Timber Market (TTM) Report, which  highlights that, according to a study by the Food and Agriculture Organization  of the UN (FAO), a third of all industrial roundwood is produced in plantations  even though plantations only account for 7% of the world's forest areas.

The TTM also announces that the South Korean Trade Commission has extended  anti-dumping duties placed on Malaysian plywood. The extension of the three-year  duties has been set at rates between 3% and 38%. Elsewhere in Asia, analysts  report that the log market in Myanmar is slow, in part because bidding is now  only open to domestic buyers, while in China, redwood has been added to the East  China Forest Exchange.

The report also features an article on a shift in the teak market in India  towards plantation teak, which now accounts for four times more volume than teak  from natural forests. In Europe, Brazilian tropical ipe has been withdrawn from  Jewson stores in England due to concerns over the legality of supply, while the  production of furniture in the EU has shown a slight upturn over previous  quarters.

In addition to the headline stories, the TTM 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.

Source: http://forests-l.iisd.org/news/itto-ttm-highlights-contribution-of-plantations-to-markets/