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Archives: July 2022

Austria: Softwood log prices are falling, energy wood prices are increasing noticeably

In July, the Austrian construction industry is noticeably weakening. Sales of building products made of wood and lumber have decreased [...]

Norway boosts softwood log exports to EU countries filling Russian supply gap

Norway became the largest supplier of softwood logs to the EU instead of Russia which had a share of 49 [...]

Södra delivers strong result in Q2/2022, sees market outlook as highly uncertain

Södra posted a robust result for the second quarter of 2022. The result reflects the sustained strong market for [...]

Overview of current trends in the European timber industry

At the members' meeting of the European Timber Trade Federation (ETTF) on 24 June in Amsterdam, the current market situation [...]

Germans could turn to wood as Russia withholds natural gas, Deutsche Bank says

   Germany could embrace wood for heat if Russia further cuts gas flows, Deutsche Bank says.   The [...]

Swedish Setra sees uncertainty for the wood markets to be more pronounced in 3Q/2022

Swedish wood products company Setra has reported an operating profit of SEK 564 million (EUR 53.47 million) for the [...]

Garnica will open its next factory in the French region of Champagne in 2022

Garnica's new factory is located in Troyes, the Sud Champagne region in northern France. The construction process began in [...]

Estonian wood industry hit hard by falling prices and lower demand

Estonian lumber producers are facing a harsh reality, where the price of wood is falling and orders are disappearing: customers [...]

Rising energy prices- an opportunity for the timber industry?

Sawn timber, glued laminated timber and solid construction timber prices are currently well below last year's records. However, factors [...]

North American lumber prices are sending a signal we should not ignore

Lumber is a highly illiquid futures market, making trading, investing, and hedging challenging. The lack of volume and open interest [...]