Greenwood Management Announces Rise In June Charcoal Prices

Online, June 23, 2011 (Newswire.com) - Greenwood Management has released its June figures for charcoal prices in the steel producing state of Minas Gerais, Brazil.

The forestry management company offers investment opportunities in its plantations located in the region, which are expected to generate strong returns thanks to rising demand.

The Brazilian government recently passed a law that prevents the steel industry in the country from applying for any state support if they use charcoal from native trees. Greenwood's non-native plantations offer an alternative for the country's flourishing steel industry, which is enjoying increased demand from India and China, and domestically from construction projects for the 2014 World Cup and the 2016 Olympics.

Charcoal price reporting is an exclusive service offered to investors into Greenwood Management's forestry investment projects. They are compiled on behalf of Greenwood Management by their Advisory Board member, Sergio Canella, who has over ten years experience in the agro-forestry industry and in trading charcoal with the steel industries in Brazil.

Commenting on the latest figure, a spokesperson from Greenwood Management stated, "Clearly we are seeing a continued price strengthening in charcoal markets in Minas Gerais in particular.

"This steady up trend has been established and maintained for the majority of 2011 and there is little sign of markets coming off in the short term."

This news is likely to be welcomed by Greenwood's investors who have been able to buy up their own plots of forest land for as little as EUR 10,000. These kinds of investments are providing increasingly popular among people who want to watch their money grow, rather than watching their stocks rise and fall with the economy.

The Greenwood spokesman added that the future looks bright for both charcoal and timber prices going forward: "Looking further ahead, we believe the outlook continues to be very positive for charcoal prices generally, especially in relation the steel markets where demand continues to be strong. It remains the position that there are very limited supplies of plantation grown forestry to meet this demand.

"Wholesale timber prices are also showing similar strength in line with commodity prices as a whole, which have surged over the past two years," he added.