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Lumber

Crisis growing in the Irish forest industry

According to the Construction Industry Federation (CIF), Ireland’s forest industry remains in crisis. Delays in issuing licenses needed to [...]

High prices in the German wood market

In November 2021, German forest owners increased their income from the sale of spruce logs by around 50%. Overall, producers [...]

China’s 2021 logs and lumber imports rise in value thanks to higher prices

In 2021, the value of China's lumber imports reached 7.179 billion US dollars, while the value of log [...]

UPM sees headwinds from disrupted supply chains

Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving [...]

Rising prices could keep European lumber exports to the US at high pace in 2022

European softwood lumber exports to the USA continued to rise in 2021, although the pace of growth in volume was [...]

US lumber plunges for seventh day on demand fears, supply chain chaos

US lumber futures tumbled by the exchange limit to $1,053.70 per 1,000 board feet on the Chicago [...]

Western Forest Products will temporarily close one of its sawmills due to log shortage

Western Forest Products is considering curtailing operations at its Chemainus sawmill starting next week due to a log shortage.  [...]

Japanese Sumitomo buys timberlands in New Zealand to export logs to China

Sumitomo Corporation has acquired timberland in the North Island of New Zealand through its local subsidiary company Summit Forest New [...]

Northern European sawmills have some of the lowest sawlog prices in the world

Record-high lumber prices in North America and Europe have moved both demand and sawlog values to some of the [...]