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01 – 15th Feb  2022



  Crackdown on operations in Ivory Coast classified

Boris Ngounou, writing for AFRIK21, reports that
logging is strictly prohibited in classified forests in
Ivory Coast. Decree No. 221-437 of 8 September
2021 signed by the Head of State, Alassane Ouattara,
further strengthened this ban.

According to the latest national forestry and wildlife
inventory (IFFN) the forest cover in Ivory Coast has
fallen from 22 million hectares in 1960 to 2.97
million hectares in 2021. Over the past 60 years, 90%
of the forest has disappeared making Ivory Coast one
of the countries in Africa with the highest annual
deforestation rate.

The Ivory Coast Minister of Water and Forests, Alain
Richard Donwahi, has pledged to halt illegal logging
and has ordered the forest law enforcement units of
his ministry to crackdown on operations in the
country’s classified forests. During the week of
November 2021 three logging companies were found
to be breaking the law after operations by the
Directorate of Forestry and Water Police as well as
the Special Brigade of Surveillance and Intervention


Nigeria/Cameroon agreement on SFM
The Nigerian Minister of State for Environment says
the country will soon sign an agreement with
Cameroon on ecosystem conservation and sustainable
management of forestry and wildlife resources. This
is to address biodiversity loss given the alarming rate
of over-exploitation of natural resources.

Many agencies have reported extensive illegal
harvesting of rosewood in Cameroon and rampant
smuggling into Nigeria from where the rose wood is


Changes in tax compliance requirement
The business media in Cameroon has reported
changes in the regulations concerning tax certificates.
It is reported that forest operators are no longer
required to present tax compliance certificates. This
information came from a government statement on 28
January issued by Modeste Mopa Fatoing, Director-
General of taxes.

Article L94 of the General Tax Code states that a tax
clearance certificate is the “only document proving
the lawfulness of a taxpayer’s tax situation”. The
new rule is aimed at reducing the number of
documents required from forest operators.

Until the change operators were required to secure a
document on their tax compliance status and get a tax
clearance certificate which was found an unnecessary
duplication which resulted in additional expenses for
the operators.


In related news, Cameroon's timber production
dropped by 20% between 2018 and 2020 according to
the French Ministry of Economy. This decline,
according to the French document, was due to the
security crisis in the Anglophone regions (South-
West and North-West). Indeed, confronted with
threats to their employees, abductions and ransom
demands many forest operators had to relocate their
operations from those two regions or simply stop

The government in Cameroon recently decided to
support logging companies operating in the
Anglophone regions by dedicating nearly 300,000
hectares of forest concessions in the East and the
Centre of the country.




Emphasis on added value production
The domestic media in Gabon, quoting French
government data, says over the past nine years timber
production has doubled from 1.9 million cu.m in
2012 to almost 3.7 million in 2021 with most being
logs. Despite this increase in wood production the
Minister of Water and Forests has indicated the
emphasis is now on domestic processing and export
of added value products as this will result in more
earnings and increased job opportunities.


Changes at ATIBT
Franšoise Van de Ven as been appointed President of
the ATIBT, she succeeds Olman Serrano. In a
statement Ms. Van de Ven said she thanked the
Board of Directors and the members of the General
Assembly for appointing her as President and for
placing their trust in her to guide the Association in
this exceptional year.


Alain Tiotsop, ATIBT Congo Representative, writing
in an ATIBT NewsFlash says “Since the
promulgation of Law 33-2020 of 8 July 2020 on the
Forestry Code in Congo, a technical and legal
analysis of the law and the draft application texts
have been carried out by a group of EFI experts. The
results of this work were presented at a participatory
workshop with all stakeholders in March 2021.

On 9 February 2022 an inaugural session of the
Multi-Stakeholder Working Group in charge of
drafting the implementation texts was held and
chaired by the Minister of Forest Economy.

The major issue says Tiotsop “is the production
sharing regime and ATIBT Congo is working with
the professional associations Unicongo and Unibois
and exchanges are being initiated with Gabon, an
approach foreseen in the draft of the new forestry


   2021 exports exceed 2020
A total of seventeen different wood products were
exported from Ghana in 2021 totalling 302,229 cu.m
which earned the country Eur136.75 million
according to data from the Research and Statistics
Unit of the Timber Industry Development Division

The figures show a significant growth of 34% and
18% in volume and value respectively when
compared to the same period in 2020 but when
compared to 2019 while export volumes had
recovered the value of exports in 2021 was still
below that of 2019.

In 2021 revenue from all wood product exports
recorded positive growth in against 2020 except for
rotary veneer which ended the year down 12% and
kiln dried boules for which exports crashed 85%.

Markets in Asia accounted for 62% of total export
volumes and were the leading market destination.
Markets in Europe, Africa, America and the Middle
East accounted for 17%, 13%, 4.6%, and 3.6%
respectively of the total market. Teak, ceiba, wawa,
black ofram and denya were some of the top species

Levy on tree crops being considered
The Board of Directors of the Tree Crops
Development Authourity (TCDA) is considering a
levy on selected tree crops that could yield about
US$10 million per year to help in sustaining the
growth and development of the industry in the

The Chief Executive Officer of the TCDA, Williams
Agyapong Quaittoo, indicated a proposed broader
regulatory framework for the levy would require
government approval.

The CEO said the levy would be paid by buyers,
exporters and processors of tree crops but not
farmers. The tree crops to be levied include rubber
which is harvested for production of sawnwood and
rotary veneers for export.

The Tree Crops Development Authority(TCDA) is a body
established by an Act of Parliament, the Tree Crops
Development Authority Act 2019 (Act 1010,2019).TCDA is
required to regulate and develop in a sustainable
environment production, processing and trading of six tree
crops: Cashew, Shea, Mango, Coconut, Rubber and Oil
palm in Ghana.


Reduce power charges and interest rates to boost

The new president of the Association of Ghana
Industries (AGI) has recommended the government
prioritise reducing the cost of electricity and the cost
of credit for Ghanaian businesses.

According to the AGI president, Humphrey Ayim-
Darke, these two cost centres undermine the
competiveness of Ghanaian which is unfortunate as
the era of the African Continental Free Trade Area
begins. The Institute of Economic Affairs (IEA)
business confidence preliminary survey report also
identified high utility tariffs as “the most important
constraints” businesses faced in 2021.




    Furniture the most important sub-sector
A recent report by Hong Leong Investment Bank
Research (HLIB Research) provides a positive
outlook for the Malaysian furniture industry this year
although it continues to face some challenges.

The general bullish outlook is due to a number of
factors that include the relaxation of movement
restrictions which allows furniture manufacturers
resume operations and address their supply chain

There is robust demand in North America driven by
work-from-home arrangements and the trade
diversion from the United States-China trade dispute.
However, challenges such as rising raw material
costs, persistent labour shortage and concerns on
labour practices continue to cloud the outlook, says
HLIB Research.

Also, due to severe flooding in parts of Peninsular
Malaysia in mid-December 2021 rubberwood
harvesting and transport is still disrupted so prices for
logs and sawnwood are likely to rise. The research
unit notes that the country’s wooden furniture export
earnings in the first 10 months of 2021 declined by
almost 3% year-on-year to RM8.15 bil. due to the
lower production from June to mid-September last
year as a result of movement restrictions.

The US continues to be the largest export market,
making up 62.8% of the total export value. Costs of
raw materials (rubber wood, glue, steel, foam, leather
and packing materials) had been on an increasing
trend since the fourth quarter of 2020.


Sharjah Ports deal to strengthen trade ties
The Malaysian Timber Council has announced the
Timber Exporters’ Association signed a
Memorandum of Understanding (MoU) with the
Sharjah Ports Authority in the United Arab Emirates
which it says will help increase partnerships between
the timber industry in Malaysia and the UAE through
logistics services.

The MTC says the MoU will encourage Malaysian
timber companies to capitalise on Sharjah Ports’
sought-after logistics services as well as its strategic
location in the Middle East, a market that is growing


Kelantan state halts certification
The domestic press has said according to Sahabat
Alam, an environmental watchdog, the Kelantan state
government had suspended a certification system that
required logging companies to meet sustainable forest
management standards.

A programme under the Malaysian Timber
Certification System was introduced as a way to bind
logging firms to sustainable practices by reserving
licenses for only those that meet the certification

It appears that the state administration has repeatedly
insisted that logging in the state is safe for the

Critics, however, say data and studies on logging in
the state suggest the opposite and are often played
down or dismissed by state officials.



Sarawak timber export earnings recovered slightly
in 2021

Sarawak recorded export earnings from wood
products at RM3.89 billion in 2021, a 4% rise on
2020 however, 2019 export earnings were RM4.7
billion. Plywood was the main export product
accounting for over 50% or RM2.15 billion of total
timber export earnings. In 2021 log exports earned
RM509 million, sawnwood RM381 million,
fibreboard RM334 million and other timber products
RM213 million.

Japan was the biggest importer of the State’s wood
products at RM2.04 billion. Other main markets were
India, RM476 million, Taiwan P.o.C RM206 million
Philippines RM179 million, China RM175 million
and South Korea RM123 million.


Plywood export prices
Plywood traders based in Sarawak reported following
export prices:


  Furniture factories going under as shipping costs

Container costs continue to rise and this has become
critical for furniture exporter pushing many SMEs
into bankruptcy. Data compiled by the Indonesian
Furniture and Crafts Industry Association (HIMKI)
shows the cost of container shipments have risen
900% with the current cost for shipping a 40 ft.
container to the US is US$19,100 whereas in 2020 it
was only US$2,000.

The cost for shipping a 20 ft. container is US$15,100,
up 907% from 2020 which was only US$1,500.

Container shipping cost also increased for the EU
market +900%, Middle East +400%, Japan +350%,
Australia +500%. There are difficulties regarding the
availability of containers, especially to America. At
these costs it is not profitable to ship the products.

It has been estimated by the HIMKI that around 25%
of the 2,500 businesses registered as HIMKI
members have gone bankrupt as a result of the high
cost of shipping.


Indonesia's exports of ‘Light Wood’ products can
grow even more

According to Setyo Wisnu Broto, Chairman of the
Indonesian Lightwood Association (ILWA),
Indonesian exporters have benefitted from the shift
by buyers in N. America from China to Indonesia.

He said two major US buyers are able to absorb as
many as 2,500 containers per month. He said that the
highest demand for ‘Light Wood Products’ is in
America and is said to be worth IDR172 billion of
which Indonesia only supplied a fraction. This must
be increased said Setyo but much will depend on the
availability of raw materials.


Economic recovery appears on track
Febrio Kacaribu, Head of the Fiscal Policy Agency at
the Ministry of Finance, has said the successful
control of the pandemic, public participation in
implementing health protocols and vaccinations, the
effectiveness of fiscal stimulus policies by the
government and good coordination between
ministries has helped accelerate economic recovery.
In 2021 the Indonesian economy grew by 3.69%
which was close to the forecast by the Ministry of

In related news the Minister of Finance, Sri Mulyani
Indrawati, expressed optimism that Indonesia’s
economy will grow strongly in the first quarter of
2022 despite the increase in Omicron infections. She
said "If the health protocols are maintained the
impact of the pandemic on the economy will not be
as severe as seen in the first quarter of 2021.



Social forestry is the way forward for Indonesia:

Erna Rosdiana, Secretary at the Directorate General
of Social Forestry and Environment Partnership in
the Ministry of Environment and Forestry, has said
social forestry is the future of Indonesia's forestry.
Social forestry has opened opportunities for many
parties after legal access was provided for the people,
she noted.

In Indonesia, social forestry (perhutanan sosial), also
referred as community-based forest management, is
defined as a sustainable forest management system
in the state or non-state forest areas carried out by
the local or indigenous communities to improve their
welfare, environmental outcomes and protect the
socio-cultural heritage.


Regulation to boost rehabilitation of degraded

The government is will soon issue a regulation that
will support a carbon offset mechanism in the
forestry and other land-use sectors, a decision that
will strengthen rehabilitation of degraded ecosystems,
including mangrove forests.

This new regulation will be included in the recently
signed carbon pricing rule that forms the basis of
Indonesia’s carbon pricing scheme.





  Risk of imported inflation
The Indian economy continues to face many
structural challenges that existed prior to the
pandemic and new challenges brought on by the

The latest Economic Survey 2021-22 presented by
the Finance Minister, Nirmala Sitharaman, has
forecast the economy will grow by 8-8.5% in the
fiscal year beginning in April.

The Survey notes that supply chain disruptions and
slow economic growth have contributed to an
increase in inflation, also the unwinding of stimulus
measures in developed economies is likely to affect
capital flows into the country.

The survey says “The surge in energy, food, non-food
commodities and input prices, supply constraints,
disruption of global supply chains and rising freight
costs have brought risks of imported inflation.


Covid altered real estate business dynamics
The Confederation of Real Estate Developers'
Associations of India (CREDAI) held a Finance
Conclave in late 2021 to explore new avenues of
financing given the sudden post-covid rise in housing

Satish Magar, chairman of CREDAI National said
covid has been a great teacher and has altered
business dynamics and led to significant changes in
customer buying patterns. He also mentioned that
more and more milennials are now looking to invest
in a house.

He also mentioned that in response to the many
challenges posed by covid control measures,
especially labor movement, the thought process of
developers has changed and they have begun to
embrace new technology and they have become more
financially disciplined.

The optimistic outlook at the end of 2021 has been
tempered by the pandemic’s third wave which has
dented sales of new homes reversing the upward
trend in sales late last year.

The March quarter is considered as a seasonally
strong period for sales of residential properties but
with consumer concerns over infections and
government restrictions on mobility causing delays in
site visits with potential buyers the sector is bracing
for a slow start to the year.

Sector players had hoped for a boost from the budget
but there was little in it for the housing sector. Even
though real estate sales were almost back to the prepandemic
late last year builders were hoping the
budget would deliver something to boost demand
such as relaxation in GST on under-construction
properties, a reduction of GST on key raw materials,
a higher interest exemption for homebuyers
and granting 'infrastructure' status to the real estate
sector but were disappointed.

However, the Finance Minister did announce
increased spending on infrastructure and made
massive allocations for subsidised housing.



Online Transit Pass facility at Kandla Port
As part of its efforts to improve the ease of doing
business for timber importers and traders the state
Government of Gujarat has implemented a Transit
Pass Management System for Imported Timber, an
online process for facilitating transit passes.

The system provides seamless issuance of transit
passes that helps in monitoring and recording transit
permits for inter-state and intra-state transportation of

Before the new system was introduced obtaining the
Transit Pass was very time consuming. Kandla Port
has become India’s first port to facilitate online
transit pass. Navneet Gajjar, president of Kandla
Timber Association (KTA) said members greatly
appreciate the efforts of the Gujarat Government
adding that now the process of securing the Transit
Pass has become very efficient.


Pay attention to treatment
Media reports say some overseas buyers have
complained of insect infestation in mango wood
handicrafts shipped from the Jodhpur handicraft and
furniture sector. It has been reported that the mango
wood coming from Bengal is to blame.

There has been a strong reaction from exporters who
are suffering financially and the reputation of
Jodhpur handicraft and furniture industry is becoming

Manufacturers across India are facing steep increases
in raw material costs which, coupled with the higher
price of fuel, many are seeing rapidly weakening
bottom lines with some having to downsize
operations to stay in business.

Producers have said fuel costs have risen at least
three times in the past six months such that with everincreasing
fuel costs transportation has also become a
cost centre of concern. Soon timber end-users will
have to pay more.

2021 State of Forest report
The Ministry of Environment, Forests and Climate
Change recently released the India State of Forest
Report 2021. The report showed a continuing
increase in forest cover across the country but experts
flagged some of its other aspects as causes for
concern such as a decline in forest cover in the
Northeast and a degradation of natural forests along
with the definition of forest.



  Wood product export prospect for 2022
Vietnam aims to achieve wood and wood products
(W&WP) exports of US$18 billion in 2022. Export
prospects in the US, South Korea and many other
markets look quite bright but not without challenges
for Vietnamese businesses.

W&WP exports in 2021
In 2021 W&WP exports reached US$14.8 billion, up
by 19.7% against 2020. Of this, WP exports
generated US$11.1 billion, up by 16%.

Vietnam’s W&WP export outlook
Do Xuan Lap, chairman of the Vietnam Timber and
Forest Production Association, stated that in 2022
Vietnam’s wood and wood products export would
aim for US$17.5 – 18 billion. In particular, wooden
chair export would aim to account for US$4.1 billion,
wooden furniture US$10 billion.

In the US the trend of working from home may
continue and spending on home and home office
furniture is expected to increase in 2022. The US
market still has plenty of room for growth in wooden
furniture and wood products because the housing
market is growing well.

The share of Vietnamese furniture in total US
imports increased to 38.7% in 10 months of 2021,
from 36.9% in 10 months of 2020. However,
challenges remain when exporting W&WPs to the
US. Trade barriers are the foremost challenge for
Vietnam’s wood exporting companies.

Although Vietnam and the US have reached an
agreement on controlling the origin of wood several
Vietnamese products could be investigated. In
addition, due to a shortage of empty containers,
logistics fees will be a problem for Vietnam’s wood
and wood product exporters.

The cost of transporting one container of wooden
furniture to the US ranges from US$20,000 to
US$30,000, four times higher than pre-pandemic.

According to statistics from the Korea International
Trade Association, on average S. Korea imports
nearly US$1.1 billion of wooden furniture every year
of which imports from Vietnam account for about
18%. Vietnamese wood and wood products still have
room to expand in the Korean market. The Korean
economy shows strong signs of recovery and
domestic consumption is recovering.



Government circular on classifying wood
processing and export enterprises

As a further step toward VPA/FLEGT
implementation, on December 29, 2021, the Ministry
of Agriculture and Rural Development of Vietnam
issued Circular No.21/2021/TT-BNNPTNT to
specify the classification of wood processing and
export enterprises. This Circular will take effect from
May 1, 2022.

The Circular specifies the classification of wood
processing and export enterprises. The targets of this
Circular are enterprises that have simultaneous wood
processing and wood export businesses and
organisations and individuals with activities related
to the processing and export of wooden furniture.

The Circular stipulates the classification of
enterprises based on the principle of ensuring
publicity, transparency, competence, order and
procedures specified in the Government's Decree
No.102/2020/ND-CP dated September 01, 2020, to
promulgate Vietnam’s Timber Legality Assurance
System (VNTLAS).

The forest/wood industry sectors will be focused on
three key product groups including: W&WPs, nontimber
forest products (NTFPs) and forest ecosystem
services to generate revenue and investment in
forestry development. Based on specific advantages,
local conditions and market demands, local
authorities will be encouraged to have policy
mechanisms and prioritise investment resources to
develop key forestry products at the provincial level,
ensuring products of high quality, high value, with
geographical indications and traceability.

In order to achieve the targets VNFOREST has
proposed a number of tasks and solutions such as
continuing to innovate policy mechanisms,
mobilising resources, strengthening communication
and raising awareness; developing and improving the
level of research, application of science and
technology, innovating and improving the quality of
human resource training; synchronous forestry
infrastructure construction, modernisation of forestry
industry and logistics services; improving operational
efficiency, production and business organisation;
strengthening international cooperation, better
utilising market opportunities provided by
international agreements and commitments.


Forestry to become modern economic-technical

The Prime Minister has recently approved the
Vietnam Forestry Development Strategy for 2021-30
with a vision toward 2050. Under Decision 523/QDTTg
dated 1 April 2021 the strategy is to convert the
forestry sector into a modern economic-technical
sector and establish, manage, protect, develop and
sustainably optimise forests and forest land areas.

This strategy aims at guaranteeing equal participation
of economic components to forestry activities,
mobilising social engagement and boosting scientific
and technological applications to forestry

The strategy also centres on the role of forests in
socio-economic development, protecting the
environment and water security, mitigating natural
disasters, responding to climate change and
preserving natural resources and biological diversity.

Through this strategy Vietnam can become one of
world’s leading manufacturing and trading centres
for wood products. Application of technology is
expected to contribute up to 30% of sector growth.


Vietnam to pilot carbon trade exchange
On 7 January the government issued a decree
requiring the establishment and trial operation of a
carbon trading exchange by 2025.

According to Decree 06 on mitigation of greenhouse
gas emission and protection of the ozone layer by the
end of 2027 legal norms on management of carbon
credits, commercial exchange activities and carbon
credits will be issued and a regulation on operation of
a carbon credit exchange will be enacted.

A pilot mechanism for exchanging and offsetting
carbon credits in potential sectors will be
implemented, while guidance on implementation of
the domestic and international carbon credit
exchange and offsetting mechanism will be provided
in accordance with Vietnam’s law and treaties to
which the country is a contracting party.

By 2028, the carbon credit exchange will be put into
official operation and activities of connecting and
exchanging domestic carbon credits with regional
and global carbon markets will be regulated. Under
the new Decree, exchange of greenhouse gas
emission quotas and carbon credits must be carried
out on the carbon credit exchange and domestic
carbon market.



  More time at home – furniture sales get a boost
The pandemic has meant people spend more time at
home which has stimulated investment in home
improvements and one sector that benefited from this
is the furniture sector.

The firm demand seen in 2020 extended into 2021
and it is estimated that furniture sales in Minas Gerais
State have grown about 2% over the previous year.
The increase could have been higher but for the
problems the sector faced in securing production
inputs and the rising prices of raw materials. For
example, prices for one of the main inputs, MDF
panels, more than doubled.

Expectations for 2022 are positive for the furniture
sector. Demand growth will be driven by civil
construction which is on the rise and job growth
which will lead to increased purchases.

The advance of the vaccination efforts and the
resumption of social activities also favoured the
furniture sector.

Overall, the timber sector achieved positive results in
2021 despite the pandemic, global economic
uncertainty, rising production costs and logistics
problems. In 2021 forest production and processing
were little affected. International market demand was
firm in 2021 and Brazilian products could satisfy
some of this demand in North America, European
and Asia.

In the domestic market the timber industry was able
to supply the main consumer markets such as
construction, packaging and furniture. The timber
sector was successful in maintaining jobs despite the
official unemployment rate of 12% in late 2021. The
outlook for 2022 is positive in terms of the
resumption of global economic growth, investments
in infrastructure and resumption of domestic and
international demand.

Mato Grosso manufacturers increased wood
product exports in 2021

The Mato Grosso State, one of the largest tropical
timber producing states in the Amazon region,
achieved an 18% increase in export earnings in 2021
to reach US$21.5 billion. According to FIEMT
(Federation of Industries of Mato Grosso State) it is
likely that exports of wood products in 2022 will
grow even more due to the advance of vaccinations
and the improving the pandemic situation.

According to IEMI (Market Intelligence Institute)
furniture production in the country in 2021 grew
2.7% in volume and 9.8% in revenue compared to
2020 recovering most of what had been lost in the
previous year. Exports jumped 50% in 2021
compared to 2020 and earned US$898.7 million.

Even though Brazil is the sixth largest furniture
producer in the world the country is placed in the
28th position in the ranking of the largest exporter,
well below its potential. The United States remains
the main destination for Brazilian furniture importing
35% of Brazilian furniture exports in 2021.


  Furniture imports – Brazil the top shipper
In November 2021 Peruvian imports of wooden
furniture reached US$6.5 million, more than double
that in October. Brazil remained the biggest supplier
in November 2021 shipping US$4.2 million and
accounting for almost 65% of the total imported in
the month. The second largest supplier was China
($0.9 million) and Colombia ($0.4 million).

Wood product exports began recovery in 2021
The Association of Exporters (ADEX) has reported
that the value of wood product exports in 2021
totalled US$122.8 mil., up 31% compared to 2020
(US$93.9 million) however, the value of 2021
exports was still below that in 2019 (US$124.9

ADEX also pointed out exports by the forestry sector
represented just 0.75% of the total of all nontraditional
exports and that this needs to be corrected
through government measures that promote the
development of the sector since it generates formal
employment much of which is in rural areas.

The Commercial Intelligence unit ‘ADEX Data
Trade’ has reported of total timber shipments semimanufactured
(US$72.2 million) were the most
important with growth of 30% in 2021 and an almost
60% share of all shipments. ADEX said of
manufactured wood products ipe mouldings,
unassembled strips and friezes for parquet flooring
and other profiled products accounted for most of the

The second ranked export product was sawnwood
(US$33.6 million) demand for which increased by
34%. Sawnwood accounted for 24% of wood product

In addition, products for construction (US$6.2
million) were exported; furniture and parts (US$4.2
million); plywood (US$3.1 million); other
manufactured products (US$1.4 million);
sheets/veneers (US$1.3 million), firewood and
charcoal (US$0.9 million) and fibre and particleboard
(US$0.8 million).

Despite declining purchases (-27% in 2021) China
was the top buyer of Peruvian wood products taking
US$36.9 million or around 30% of exports. Other
shipments were to France (US$22.3 million), the US
(US$12.9 million), the Dominican Republic (US$9.4
million) and Mexico (US$8.8 million). Also in the
top 10 export destinations were Vietnam (US$5.5
million), Belgium (US$5.3 million), Denmark
(US$4.4 million), Ecuador (US$2.8 million) and New
Zealand (US$2.6 million).

Direct financing programme for forest plantations
In coordination with the Ministry of Agriculture the
Forest Service (SERFOR) managed to access the
AGROPER┌ Fund which was created in 2009 and
supports small sized forestry operations with an area
of up to ten hectares registered in the National
Registry of Plantations.

SERFOR will be the implementing agency for the
Direct Financing Programme for Forest Plantations
approved by the Board of Directors of AGROPERU.
Funds available up to December 2023 amount to
US$12.9 million.

It is estimated that this can support about 3,300 small
forest plantation producers helping the establishment
of 16,500 hectares. The programme will finance up to
70% of the total cost of the forest plantation.






Source:ITTO'  Tropical Timber Market Report

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