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September 13, 2021
Latvia: No reason to expect that skyrocketing timber prices will return to pre-pandemic levels
In the Latvian timber industry, the sharp rise in prices was caused by an unpredictably high level of private consumption combined with a rapid recovery in construction. Kristaps Klauss, Executive Director of the Latvian Wood Industry Federation (LKF), explains price changes and forecasts about the future situation in an interview. A year ago, the Latvian timber industry was in a difficult situation. What has changed now? Let's just say that everything has changed during the year. In May last year, markets began to revive unexpectedly. Of course ...
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