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Archives: July 2020

Unprecedented lack of lumber in North America

   The downfall in lumber production in North America caused by the Covid-19 pandemic, doubled by still a [...]

EU pellet market unaffected by COVID-19, but could be limited by sustainability requirements

The European Union’s wood pellet market has been relatively unaffected by the COVID-19 pandemic but cautions further market [...]

Canfor improves earnings in Q2 due to improved demand and higher prices

For the 2Q 2020, Canfor Corporation reported operating income of $96.9 million, $185.7 million higher than the operating [...]

Forecast: Russian timber industry could contract by 30%

The Russian construction industry may contract by almost 50% in 2021 and its revival will take at least two years [...]

UPM quarterly profit falls sharply in Q2/2020

Finnish forestry giant UPM reported on Thursday a smaller-than-expected fall in quarterly profits, saying lockdowns hit paper demand [...]

The Netherlands could decide that burning biomass is not sustainable

The Netherlands should phase out the use of biomass for generating electricity as soon as possible, the advisory board of [...]

BC forest industry faces high operating costs and wave of sawmills closures

Softwood lumber prices soared 75% in recent weeks – but that won’t bring closed mills back  As governments [...]

Russian government plans to stimulate exports of wood pellets

The Russian government expects to reduce the amount of wood waste by stimulating exports of wood  pellets.    [...]

North American prices of softwood lumber continue upward trend as demand flows East

Unabated purchasing of North American construction framing softwood lumber moved prices higher last week, as customers turned to the eastern [...]

UPM to reduce plywood production by the end of the month

UPM Jyväskylä plywood mill to be permanently closed on 31.07.2020, UPM announced. The jobs cut will be [...]