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Despite the European legislation and its Timber Regulation (EUTR) that is supposed to moralize commercial practices, the teak market remains strongly suspected of illegality. We are talking here about natural teak, that still comes from forests located in the most famous production basin in the world: Burma or Myanmar.
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Ghana's export of wood products for the first three months of 2015 totalled 81,518 cu.m, some 48% more than for same period in 2014 and resulted in earnings of euro 43 million, almost double that in the first quarter 2014.
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The following timber was sold by tender on 23 February 2015 and on 9 March 2015at the Yangon depot by the Myanmar Timber Enterprise (MTE). Average prices for logs are expressed in hoppus tons
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Teak log sales during the Open Tender held on 24 January 2014 totalled 3,258 hoppus tons. Ex-site prices secured during the sale are shown below...
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The following shows the grade, quantity and prices for teak logs during the 25 and 28 October tender conducted by the Myanmar Timber Enterprise (MTE)
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During the first six months of fiscal 2012-13 a total of 186,500 cu.m of teak logs and 690,250 cu.m of hardwood logs were shipped. Shipment of teak logs in the same period fell by about 25% and shipments of hardwood logs were down by about 10% compared to the same period last year. With only six months before the log export ban is expected to be introduced analysts say
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A workshop organised by the Working Group on Forest Certification, established to support the Voluntary Partnership Agreement (VPA) process, has been held in Accra...
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The following prices were recorded for teak log sales during competitive bidding on 26th and 29th July during the Myanma Timber Enterprise tender.
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On the 15th July the inaugural meeting of the five-nation ECOWAS Steering Committee on the upgrading of the 1,030 km Abidjan-Lagos corridor road project met to begin work on the legal and institutional framework, the terms of reference for various studies and on finance and resource mobilisation.
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According to available data from the Timber Industry Development Division (TIDD) of the Forestry Commission, wood product exports from Ghana in the first six months of 2013 was...
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Analysts report that, at present, demand in international markets is very poor especially for non-teak hardwoods. Exports of pyinkado have been severely hit and prices offered at the latest Myanma Timber Enterprise (MTE) sealed tenders were unexpectedly low...
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Revenue from Ghana’s non-traditional exports (NTEs) which does not include timber, cocoa beans and minerals fell around 4% in 2012 to US$2.3 billion.
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The following prices were recorded for teak log sales during competitive bidding on 21st and 24th June 2013 during the Myanma Timber Enterprise tender. The next tender sale is in late July.
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