In May, Brazil reduced plywood exports to the U.S. by 38% year-on-year to 101 thousand m3. At the same time, the country doubled plywood deliveries to the European Union, up to 89 thousand m3.
In particular, deliveries to the UK jumped by 69% to 20 thousand tons. m3, supplies to Germany increased by 46% to 20 thousand m3. Brazil’s plywood exports to Belgium and Italy doubled.
Brazil’s exports of plywood dipped 4.3% year-on-year to 264.8 thousand m3 in May. The value of exports fell 16% to $112 million. Average price of plywood declined 12% to $422 per m3.
In May, Florida Сourt’s permanent injunction suspended sale of Brazilian plywood in the U.S. Judge Roy Altman entered a permanent injunction requiring the revocation of all PS 1 certificates issued by PFS-TECO to over a dozen Brazilian mills producing structural plywood for the U.S. market.
The decision forces wholesalers and retailers to immediately consider these products off-grade and to either obliterate the PS 1 stamp on the plywood before resale or destroy it.
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