Market News

Kenyan customs officials seized dozens of shipping containers holding hundreds of tonnes of illegally logged rosewood from Madagascar, they said on Wednesday, the largest bust of its kind and worth as much as $13 million. Illegal logging of hardwood in the Indian Ocean island's rain forests spiral . . .

KAKAMEGA, Kenya (Thomson Reuters Foundation) - A Kenyan government plan to increase the country's forest cover by giving local people incentives to plant and preserve trees is paying off, resulting in more productive farmers and a landscape better able to cope with the changing climate. &ldquo . . .

A breakthrough for sustainable and legal development of the wood industry. Governments from Africa's main timber producing  countries, together with timber industry representatives and civil society organizations agreed to jointly combat illegal timber trade in the Congo Basin, FAO said today . . .

Agreement with federation that produces more than 56% of the world's output of woodworking machinery will strengthen European presence in the show Dubai, UAE, February 2016: The Dubai WoodShow, the largest trade fair for wood products in the Middle East, has renewed its agreement with European Fe . . .

Liberia and the European Union have signed a deal to prevent illegal timber exports and kickstart the country’s forestry industry. But is it “green” enough? Liberia is home to 45% of the rainforests in West Africa, but for many years its timber industry was rooted in corruption. . . .