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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 [...]

Metsä Group and UPM hit pause in Russia

UPM will cease its deliveries to Russia for the time being.    While the forest industry is [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]