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Forestry

B.C.’s big 3 lumber giants still making good profits

B.C.’s big three forestry giants had lumber and other wood product sales of $6.5 billion in the [...]

Slower mid-summer activity brings flat lumber prices in N. America

As July waned, North American lumber prices remained flat but players warned that muted demand and ample supply could mean [...]

West Fraser Timber to cut production capacity at three mills in Canada

West Fraser Timber is permanently curtailing approximately 170 million board feet of combined production at its Fraser Lake and Williams [...]

Roundwood production in EU could decrease sharply due to biodiversity strategy

If less wood is harvested in European forests to protect biodiversity, this will lead to global shifts in wood production [...]

Hungary eases logging rules to prepare for energy shortages

Hungary waived environmental regulations protecting native forests from logging in order to prepare for next winter’s energy shortages  [...]

Finland reduced the export of timber products by 7%

in January-May 2022, wood imports in Finland amounted to 2.43 million m³. On an annualized basis, the figure [...]

Canada to challenge US lumber duties

Canada’s government said it will challenge US duties on softwood lumber, saying the tariffs have caused “unjustified harm” to [...]

Germans are stocking wood in the middle of the summer as gas supplies remain tight

The recent frequency of the German word Versorgungssicherheit (supply security) shows that Germans are worried about insufficient stocks. During the [...]

U.S. cuts softwood tariffs in half for Canadian lumber as trade dispute continues

The US Commerce Department is cutting tariffs against most Canadian softwood lumber producers by half, but the long-running trade [...]

North American softwood lumber prices fall to a new low this year

   Softwood lumber prices continued their downtrend on Wednesday, falling 5% to a new 2022 low of $495 per [...]