Investing in Timber

[fawtsc]

Iroco is not teak.
Using Iroco in comparison to teak is intent to deceit.

Iroco aka African teak has nothing to do with Teak sp. Tectona Grandis.
Iroco is wood that is named African teak from traders that try to convince people into using it instead of Teak in boat and furniture building at lower price rates. Iroko is the utility lumber of the tropical hardwood species. A durable wood, it is largely used for non-decorative purposes, and the oily texture indicates its usefulness for boat building and pilings.

Iroco use as a replacement for Teak is a fools engagement.
Teak (Tectona Grandis) and "African Teak" Iroco (Clorophora Excelsa) are two different trees with excessive different characteristics and prices.

In fact in England Iroco es forbidden due to its carcinogenic characteristics.

You can buy Iroco fully finish for flooring for around $2.25 per board ft.

If you are really curious for what Iroco is mostly used check:
http://en.wikipedia.org/wiki/Txalaparta

About the increase of sales of Iroco, I suggest you read the news about the situation in Ivory Coast and Cameroon from where most of the Iroco comes from.