Companies in the timber industry / Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Global / North America
November 16, 2018
Canadian lumber companies in trouble: high log prices and low supply cause production curtailments
Hundreds of sawmill workers are being laid off in B.C., some of them permanently, despite recent record profits made by B.C. forestry companies, which continue to expand south of the border. The problem is not lumber prices or softwood lumber tariffs – although lumber prices have fallen in recent months – but rather high log prices and low supplies in British Columbia, a result of the Mountain pine beetle, which ate through roughly half of B.C.’s harvestable timber supply. All major forestry companies in B.C. have announced curtailments at their B.C. sawmill ...
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