Industry News

Timber Market undergoes biggest period of change in decades

Property Consultants Bidwells have released their Summer 2018 Timber Price Database which looks at the standing conifer timber prices achieved in the six months to September 2017, indicating the timber market has undergone perhaps the biggest period of change seen in decades.

Returns from 79 transactions totalling over 742,000 cubic metres of coniferous timber, with a value to the grower in excess of £28 Million have been received and indicate on average significant price rises over the period.

With Bidwell’s last commentary back in December 2017 stated that there were “current reports of supply shortages and increasing upwards pressure on standing sales values” – this has proved to be something of an understatement as the latest set of results for October 2017 – March 2018 had clearly demonstrated.

All signals are pointing towards prices of coniferous timber throughout Scotland & Northern England having continued to increase since the end of March and there are still considerable supply pressures on timber processors. 

Raymond Henderson, Forestry Partner at Bidwells commented: “It is always difficult to predict the future, given the influence which global demand and exchange rates have on domestic timber values, but the overall macro-economic situation of increasing demand and tightening supplies suggests no reason to suspect a weakening of prices over the short term."

“Good news for timber growers then, but possibly less so for many processors, and given the closely linked health dependence of each sector on the other, it can be in no-one’s best interests to see unsustainably high prices. The hope is therefore that what we have been seeing is a re-basing of timber values at levels which can be maintained in the long term.”

To view the full insights and research, please click on the report here

 

[News URL: http://cti-timber.org/content/timber-market-undergoes-biggest-period-change-decades]

PEFC launches 2018 photo contest to celebrate forests and wildlife

Following on from the successful 2017 competition, PEFC UK and PEFC Ireland have launched the 2018 photographic competition with the theme of Forests, our Home, Workplace and Playground.

The contest - to close on World Environment Day on 5th June - aims to highlight the importance of caring for our forests and why sustainable forest management and certification are such important element of this.

The PEFC is looking for exciting and inspiring images showing how people use the forests for a range of key reasons – from commercial purposes to relaxation as well as examples of how wildlife including birds, animals and insects rely on them for food and shelter.

There are three national cash prizes to be won and the winners will be announced by the end of June. The winning photos will then be entered into an international competition to find a worldwide winner and the chance to win a further special prize. 

Entrants are invited to submit their photographs through Instagram using the hashtag #forestplaywork. Further details and terms and conditions can be found at www.pefc.photo

 

[News URL: http://cti-timber.org/content/pefc-launches-2018-photo-contest-celebrate-forests-and-wildlife]

BVRio launches strategic partnership to promote responsible Timber Exchange in Indonesia

BVRio, Landscape Indonesia and the Indonesian Ecolabelling Institute (LEI) have established a partnership based on the mutual intention of pursuing sustainable forest management in Indonesia.

The three parties will work together to promote the use of the Responsible Timber Exchange (RTX) in Indonesia, by including Indonesian responsible timber sellers and buyers in the platform and promoting their products in the international market.

In November 2016, Indonesia became the first country to fully achieve its VPA objectives and be authorized to issue FLEGT licenses. The aim of the initiative is to support the Indonesian timber industry to maintain their engagement with the FLEGT Action Plan and attract more companies to it.

"An essential part of this process is to assist companies in promoting their timber products in international markets, ensuring that the sector is rewarded for their efforts in adopting legality and sustainability standards," explains a note from BVRio.
 
"BVRio Responsible Timber Exchange utilizes a wide range of e-commerce and digital marketing tools combined with direct engagement with timber traders in the EU, US and China. The RTX platform is already fully accessible in Bahasa Indonesia and provides a registration tutorial for Indonesian users, making it perfectly placed to promote Indonesian responsible timber products in international markets."

LEI will bring a wealth of experience to the partnership, having been very active in promoting sustainability of forest enterprises and community forestry projects in Indonesia for a long time.

Finally, Landscape Indonesia will in charge for providing advisory services on sustainable landscape management financing and development facilities.

 

[News URL: http://cti-timber.org/content/bvrio-launches-strategic-partnership-promote-responsible-timber-exchange-indonesia]

Bidwells release Winter 2017 Timber Price Database

Property Consultants Bidwells have released their Winter 2017 Timber Price Database.

The report collates data returns from 75 sales transactions covering almost 615,000 cubic metres of timber traded predominantly in Scotland as well as Northern England and Wales, during the period April to September (inclusive) 2017.  

With a standing value to growers of over £14,000,000 the results provide a reasonable snapshot of timber prices achieved in the private sector during the reporting period.

When compared to the returns in a previous report (October 2016 to March 2017), there looks to be little significant change in prices paid.

The range of prices being achieved for individual lots of similar average tree size is vast, and this will depend on factors such as species, timber quality, location and ease of working.

In order to arrive at a more rounded and reliable view on the subject, a greater number of samples would be desirable, allowing more in-depth analysis of the figures to be carried out.

Further data shows there is a lot of coniferous timber being felled in the private sector, and this sample reflects only a small proportion of it.

Reports are produced on a sixth monthly basis and new contributors are welcome. All information is treated in the strictest confidence.

To view the full insights and research, please click for the report here.

 

[News URL: http://cti-timber.org/content/bidwell-releases-winter-2017-timber-price-database]

Sarawak opts for mandatory forest certification under MTCS

In November, the Malaysian Timber Certification Council (MTCC) welcomed a move by the state government for mandatory forest certification in Sarawak, Malaysia.

The announcement was made by Sarawak’s Deputy Chief Minister, Datuk Amar Awang Tengah Ali Hasan, at the State Assembly. Yong Teng Koon, who heads MTCC, welcomed the development noting that forest certification was an important instrument to promote and verify the implementation of sustainable forest management in order to safeguard environmental, social and economic benefits.

He also pointed out that - as forestry and timber industries contributed significantly to the socio-economic development of the country - it is imperative that Malaysia is able to demonstrate its forest sustainability credentials through certification.

Timber concessions in Sarawak will be required to obtain forest management certification under the Malaysian Timber Certification Scheme (MTCS) to demonstrate that they are responsibly managed. The MTCS which sets the requirements for sustainable forest management certification in Malaysia, was the first Asian scheme to be endorsed by PEFC Council.

 

[News URL: http://www.cti-timber.org/content/sarawak-opts-certification-under-malaysian-timber-certification-scheme]

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