US lumber price sits near last year high
A 50% technical retracement of the move from the May 2021 high to the August low is $1,099.60 [...]
March 4, 2022
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Russia’s war on Ukraine could skyrocket ocean shipping rates
Russia's invasion into Ukraine is likely to send ocean and air shipping rates skyrocketing at a time when the [...]
March 4, 2022
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Metsä Group and UPM hit pause in Russia
UPM will cease its deliveries to Russia for the time being. While the forest industry is [...]
March 4, 2022
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IKEA to cease operations in Russia and Belarus
IKEA has decided to temporarily pause operations in Russia. This means that: Inter IKEA Group has taken the decision to [...]
March 4, 2022
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Ukraine crisis and its effect on European timber imports
In what feels like a return to the dark days of the Cold War, the ongoing crisis between Russia and [...]
March 3, 2022
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EU bans wood, lumber imports from Belarus
The European Union has banned most imports from Belarus over its involvement in Russia's invasion of Ukraine. On Wednesday [...]
March 3, 2022
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Canfor expects N. American and European lumber markets to remain strong in Q1/2022
Canfor Corp. said on Tuesday it expects North American and European lumber market fundamentals to remain strong in the first [...]
March 3, 2022
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Stora Enso will start replacing wood procurements in Russia immediately
Replacing Russian wood will increase domestic demand, logistics may become a bottleneck. “Stora Enso has plans [...]
March 3, 2022
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Ponsse, John Deere Forestry suspend operations in Russia
Today, Ponsse Oyj has decided to suspend all export operations to Russia and Belarus for the time being. The decision [...]
March 3, 2022
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Sharp rise in prices for New Zealand exported logs to China
The At Wharf Gate (AWG) prices for New Zealand exported logs increased an average of $7 in January and $27 [...]
March 3, 2022
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