Teak Prices

The International Tropical Timber Organisation recently presented at the world teak conference in Bangcock Thailand at the end of March.

Their presentation makes for interesting reading and can be downloaded at the following link:

http://www.itto.int/files/user/presentations/Teak Conference -  ITTO Presentation March 2013.pdf

As referenced in the presentation, the ban on Myanmars export of teak is proceeding and is resulting in a spike in teak prices and a stockpiling of teak by teak traders.

You can see more about this ban in the ITTO's recent report:

 http://www.itto.int/en/mis_download/