International softwoods and hardwoods exporters.
Sawlog prices trended upward throughout the world in the 4Q 2013 and the Global Sawlog Price Index (GSPI) rose to US-$ 88.78/m³. This was the highest level in over two years and the third highest price on record since 1995, reports Wood Resource Quarterly (WRQ). Upward price movements the past year have been the highest […]
Forestry giants Canfor and West Fraser announced Thursday they will close two Interior sawmills next year because the pine beetle epidemic has gutted their timber supply. The closures, which also involve a swap of timber harvesting rights between the two companies, will result in 434 job losses in the communities of Quesnel and Houston. “Closing […]
According to statistics from China customs, about 25 million cubic meters logs were imported to China during January-July, 2013 grew by 11.34% over the same period of last year and the total value reached over USD 5 billion and gained an 11.34% year-on-year growth. At the same time, China imported more than 13 million cubic […]
The pulp industry from Spain and Portugal decided in 2012 to rely more on the domestic sources of wood fiber rather than on imports. The main reasons are the relatively costly wood fiber from Latin America and the fact that pulp mills have paid less for pulp logs in 2012, which resulted in much lower […]
Tembec announced today that it has reached an agreement to sell its NBSK pulp mill and related assets and liabilities located in Skookumchuck, British Columbia to Paper Excellence Canada Holdings Corporation (“Paper Excellence”) for a purchase price of $89 million, which includes working capital. Closing of the transaction is expected to occur in the second […]
Myanmar will export its timber to the European Union (EU) countries starting June this year and s delegation of the EU will Myanmar next month to coordinate for the export, local media reported Wednesday. During its visit in Myanmar, the EU delegation will observe current timber extraction in the country and sign a memorandum of […]
Lumber exports to China from Washington, Oregon, northern California, and Alaska rebounded in the fourth quarter of 2012, jumping to 89.4 million board feet, an increase of 97.2 percent compared to the third quarter of the year, according to the U.S. Forest Service’s Pacific Northwest Research Station. At the same time, total lumber exports to […]
In a bid to conserve a precious resource, the Jammu and Kashmir government has adopted a dual policy of liberalising timber imports and enforcing measures that have brought down timber smuggling by a staggering 99 percent. “From the year 2009 to 2013, the state imported 14.7 million cft (cubic feet) of timber from abroad and […]
An epidemic of mountain pine beetles is one of three factors set to fuel a long term surge in Canada and US timber prices, a new report predicts. A supply shock associated with the epidemic of mountain pine beetles is one of three factors which will drive a surge in timber prices throughout Canada and […]
India and Uruguay have signed a letter of intent (LoI) to explore investment opportunities in iron ore and steel sector. The alliance will also encourage exchange of technical know how in iron ore and steel related raw materials.The LoI was signed between D R S Chaudhary, union steel secretary steel and Mr Roberto Kreimerman, Uruguay’s […]
