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May 9, 2022
Japan’s lumber industry under pressure due to ban on Russian wood
The global lumber industry has been through a tumultuous period over the past year or so due to wood shortages that have in turn led to skyrocketing lumber prices. The Russia-Ukraine war has now posed a fresh challenge to the industry, as the world economy will likely have to make do without Russia, a major exporter of wood products, for some time. In March, Russia halted the export of three wood items — wood chips, logs and veneer sheets — to Japan after it was added to Moscow’s list of “unfriendly” countries ...
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