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Market Analysis

Chinese timber importers face additional cost pressure from Chinese currency devaluation against US dollar

On May 28, the People ’s Bank of China authorized the China Foreign Exchange Trading Center to announce that the [...]

Wood pellet sector in US well-positioned for the post-pandemic period

The wood pellet sector in US has many advantages that other sectors might envy as they, too, navigate business during [...]

New investigation finds European companies taking advantage of loophole to imports teak

   A new investigation has uncovered a scheme exploiting a loophole in the European Union Timber Regulation (EUTR) that [...]

Upward trend in Russian timber prices

In April 2020, the export price of hardwood timber used for sawing and planing in Russia reached the highest value [...]

Plywood markets coming back to life after COVID-19

In the past three weeks we have seen Western US plywood markets building and coming alive, after about a ten [...]

UK to apply tariffs for imported wood and wood products

From 1 January 2021, the UK will apply a UK-specific tariff to imported goods. The UK Global Tariff (UKGT [...]

Global demand for African tropical timber decreasing

Millers in West Africa have provided some comments on shipping opportunities and market developments saying they have been told ports [...]

China trade and COVID-19: A double blow to US hardwood producers

   The trade conflict with China has hit the United States hardwood sector hard and the coronavirus pandemic has [...]

Canadian lumber giants’ shares see spectacular rise on strong demand and prices

   Canadian lumber producers' shares soar on strong demand, prices, fueled by better-than-expected US housing market indicators [...]