The market situation remains very quiet with only the
Asian market showing signs of recovery. Demand from
Asian buyers while not considered strong, has been
healthy enough in recent weeks to lift prices of some
products.
Loans up
Peru's private sector banks saw a rise in consumer,
mortgage and micro-enterprise loans in September, but a
drop in their biggest segment, commercial loans.
Competitiveness support
The World Bank has approved a US$150 mil. loan for
Peru to lift its fiscal management and competitiveness.
This is part of its commitment to help Peru during the
post-financial crisis period.
This financial tool was arranged in collaboration with the
Government of Peru to help it deal with the short-term
effects of the global financial crisis.
Towards FTA
Peru's Government has apparently ratified the “Agreement
signed between the Republic of Peru and Japan for the
Promotion, Protection and Liberalization of Investment”.
This ratification is just one more step as a prerequisite for
both countries to start negotiating a Free Trade
Agreement.
San Martin deforestation
The Regional Director of Agriculture has said a third of
San Martin forests have been degraded by shifting
agriculture. He estimated of the 5 mil hectares of forest in
San Martin some 1 mil. hectares has been lost or degraded.
Disney investment in forests
Walt Disney Co. has a forest conservation programme
which will deliver some US$7 mil. this year to forest
conservation. Some US$1 million will reportedly be
provided to the Alto Mayo Protection Forest in the
department of San Martin, northern Peru.
The Alto Mayo project covers an area of about 300,000
hectares and is managed by local communities, local
organizations, including the Peruvian Environmental Law
Society, SPDA, the Andean Ecosystems Association, the
Ministry of the Environment and the national parks service
as well as Conservation International.
Peru
Peru Sawnwood Prices
Peru
Sawnwood, FOB Callao Port
US$
per
m³
Mahogany S&B KD 16%, 1-2'' random
lengths (US market)
