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Metsä Group to end lumber production in Kyrö

Metsä Fibre, part of Metsä Group, starts negotiations on its plans to discontinue the lumber production in Kyrö, Finland in [...]

Russia-Ukraine war aggravated already-soaring N. American lumber prices

North American umber prices are continuing to surge amid Russia's invasion of Ukraine, and traders could soon see even [...]

China has become “virtually the only available market” for Russian timber

Faced with a blockade of cargo transportation to foreign countries, the Russian domestic timber industry is reorienting logistics.   [...]

Timber from Russia and Belarus considered ‘conflict timber’ by PEFC

All timber originating from Russia and Belarus is ‘conflict timber’ and therefore cannot be used in PEFC-certified products, the [...]

EU’s deforestation-free regulatory proposal sparks intense debate

Intense negotiations are ongoing as the draft EU law on "deforestation-free" and "forest degradation-free" products, published by the [...]

Wood likely to become scarce due to situation in Ukraine and EU sanctions

Last week, the EU announced sanctions restricting trade with Russia and Belarus. The trade in wood is also covered by [...]

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 [...]