Ghana’s TIDD contract volume up 20.9% during the 2Q 2009

Sep 18, 2009. /Lesprom Network/. According to the Timber Industry Development (TIDD) Division of the Forestry Commission (FC), a total contract volume of 129,580 cubic metres of wood products and 5,388 pieces of furniture were processed and approved during the 2Q 2009. These compared to the 1Q of the same year show increases of 20.9% in the total contract volume for wood products, ITTO reported. The timber trade, which was severely hit by the global economic slowdown during late 2008, has shown signs of recovery from the crises since October 2008. All the major products experienced significant increases in volume. Teak poles/billets logs/lumber, plywood, sliced veneer, and mouldings/processed lumber increased by 44%, 56.5%, 31.3%, and 124.5% respectively as compared to the previous quarter figures to reflect volumes of 52,377 cubic metres, 41,216 cubic metres, 8,371 cubic metres, and 4,163 cubic metres. There was marginal increase of 2.1% for rotary veneer by volume (3,795 cubic metres) when compared to figures for the previous quarter, although the market was generally down.