Forest products

On August 9, the United States will makes its case to the London Court of International Arbitration that British Columbia is subsidizing timber prices for pine-beetle damaged trees.

Makoto Sato, General Manager of Marubeni's Global Environmental Projects Department, and Emmanuel Ze Meka, ITTO Executive Director, signed an Agreement on 29 July 2011 at ITTO Headquarters in Yokohama, to conduct a REDD+ feasibility study in the State of Acre, Brazil.

Over recent weeks, export log markets have continued to react to oversupply with inventories building and softening prices. This situation of supply being well out of balance with demand is now very pronounced in China and India, and to a lesser extent in Korea and Japan. Irrespective of whether the primary reasons are due to high inventory/slowing demand or pricing being indexed to China, domestic log and processed product prices have decreased across all markets and general trading conditions have become far more challenging than earlier in the year.

Former St Vincent and the Grenadines Prime Minister Sir James Mitchell renewed his acquaintance with President Bharrat Jagdeo during a courtesy visit today. He was accompanied by a team of investors in sustainable forestry, interested in Guyana. The team from the F.T.I Timber Growth Fund Limited, a European based company operating in the Roraima state of Brazil included, Board Chairman Marcus Valentine and Operations Consultant John Edwards among others.

The rapid development of China’s paper industries is highlighted in the latest edition of the ‘Paper Contract with China Report’ from APP-China.

The emergence of high-growth paper companies in the developing countries of Asia, and particularly in China, is redefining the global pulp and paper market, following years of investment in new technology and environmental innovation.