Latest Trends

China: Hopes that Covid restriction easing would bring back wood demand

Several major Chinese banks have adopted a government led 16-point rescue plan to extend billions to struggling private developers [...]

Bark beetle blue timber not well received on the European market

    Swedish sawmills have received large quantities of timber attacked by spruce bark beetles, mainly in southern [...]

US homebuilders buy time with huge backlogs

The US housing market has fallen off a cliff, but for now, homebuilders are biding their time. As bad as [...]

Finland’s sawn timber exports on a downward trend

The export value of Finnish forest products in January-September reached 11.29 billion euros, a decrease of 6% compared [...]

Precious Woods to close sawmill in Gabon due to high costs

Unexpectedly high cost increases in Gabon have forced Precious Woods to take drastic measures to reduce costs in order to [...]

India: Weak log and sawn timber import market

Activity in Gandhidham is slow to recover after the Diwali holidays due to negative sentiment. Log importers and sawmills report [...]

Global container freight rates falling sharply

For more than two years the only way for container shipping prices was up. That trend is now reversing as [...]

High wood prices multiplied the profit of the Czech forest state company

The Czech state company Lesy České republiky (LČR) in the first three quarters of the year multiplied its gross [...]

PEFC extends Russian and Belarusian conflict timber “indefinitely”

The Programme for the Endorsement of Forest Certification (PEFC) has clarified that the validity of the conflict timber clarification has [...]
December 16, 2022 Latest Trends / Forestry / ...Russia

Lumber futures rise on more Canadian sawmill curtailments

US lumber futures rose by the most allowed by exchange rules following Canfor's announcement that it would further curtail [...]