News archive

Ghana wood exports to Asia up in first 7 mths of 2016

04-11-2016
Ghana, ITTO, Asian markets

Ghana’s exports in the first seven months of this year totalled 228,387 cubic metres, worth EUR130,732 million—up 10% in export volume and 24% in earnings compared to the same period last year. Leading export products up to July were air-dried sawnwood (60%), kiln-dred sawnwood (13%), plywood to regional markets (9%), roundwood …

Ghana receives funding from FAO for VPA implementation

04-11-2016
Ghana, ITTO, FLEGT, VPA

The Food and Agriculture Organization (FAO) has signed Letters of Agreement with five corporate bodies in Ghana aimed at supporting private sector implementation of the Voluntary Partnership Agreement (VPA). FAO will fund this support from its Forest Law Enforcement Governance and Trade (FLEGT) programme. Participating agencies include the Kumasi …

Meranti gaining popularity with Malaysian exporters

02-11-2016

According to analysts, Malaysian shippers are becomign more active in taking on the competition from Okoume through discounts. Reports suggest that there is a slight excess of stocks which has a downward influence on domestic sales prices. Local traders expect this situation to ease in the coming weeks, particularly as some Malaysian (and others) …

Lumber Liquidators reports widening loss

01-11-2016
lumber liquidators, wood flooring, hardwood floor, shares

In the third quarter of 2016, Lumber Liquidators (Toano, Va.) lost $18.4 million as compared to the loss of $8.5 million during the same period in 2015, according to the company’s SEC filing. Sales during the quarter were $244.1 million, a 3.4% increase from the $236.1 million reported in the same period of 2015. Comparable store sales …

Finnish sawmills excel in the Middle East

01-11-2016
Middle East, MENA, Finnish sawmills

According to Woodstat, the import of softwood lumber in the Middle East from the main European exporters and North America was 2.62 million m³ (-14% compared to 2015) during January-August. The import from Russia during the same period was 646,000 m³ (-17%), Romania 510,000 m³ (-27%), Germany 413,000 m³ (-10%), Finland 335,000 …

ACIMALL: 2Q/2016 orders up 21.2%

31-10-2016
Acimall, woodworking, tools, 2Q/2016

Industry orders went up 21.2% in 2Q/2016, according to Acimall, the Italian woodworking machinery and tools manufacturers’ association. The upward trend is driven by export sales where orders went up by 17.2%. Domestic demand is also positive (+30.4%) although the industry is still recovering from poor sales during the economic …

AHEC European conference shows the future for American hardwood

31-10-2016
AHEC Europe

AHEC's European Conference was held from 20 to 21 Oct, 2016 in Copenhagen Last week nearly 150 European hardwood importers, architects and American hardwood exporters came together in Copenhagen to discuss the future for American hardwoods at the AHEC European conference. Under the conference’s theme ‘The Future For American …

Editor’s pickVietnam expected to conclude EU FLEGT negotiations by year end

31-10-2016
FLEGT, Vietnam, VPA

Members of community forest in Java, Indonesia, moving logs. Image credit: EU FLEGT Facility.  Vietnam is expected to conclude its Forest Law Enforcement, Governance and Trade (FLEGT) Voluntary Partnership Agreement (VPA) negotiations with the European Union by the end of this year, according to the Viet Nam News. A signing ceremony is …