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Lumber prices fall as US mortgage rates hit 14 year high
North American lumber prices fell Wednesday as US mortgage rates hit the highest level in 14 years, pulling back from an earlier rally amid fears of a possible rail strike. Data from the Mortgage Bankers Association showed that the rate on a 30-year … Continue reading →
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European softwood lumber exports to US double yoy; export prices fall
European softwood lumber exports to the USA almost doubled in the first seven months of the year, with the pace of growth lower in valuer terms, as export prices have been slightly lower as compared to last year. (see price … Continue reading →
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New EU Forest Strategy welcomed by European wood industries
CEI-Bois & EOS welcome the new EU forest strategy passed on Tuesday (September 13) by the European Parliament. ‘A new EU Forest Strategy for 2030 – Sustainable Forest Management in Europe’ is clear in its recognition of the ability of … Continue reading →
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UK working group signals likely impact of rising energy costs on timber prices
Rising energy costs are likely to affect timber prices in Q4 and Q1 2023, according to the latest statement from UK’s Construction Leadership Council’s Product Availability working group. Working group co-chairs John Newcomb, CEO of the Builders Merchants Federation, and Peter … Continue reading →
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Poland’s wood industry calls for change in State Forests’ sales policy
Organizations representing entrepreneurs in Poland’s timber industry whose existence depends on the availability of wood raw materials, appealed the Polish State Forests for changes that will stop the soaring prices. The drastic increase in average wood prices caused by the … Continue reading →
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Finland: Signs of revival in roundwood prices at the end of the holiday season
There are clear signs of revival in Finland’s wood prices compared to the beginning of the year, estimates The Finnish Forest Industries Federation (Metsäteollisuus ry). According to the federation, the wood trade has started to pick up quickly after the holiday … Continue reading →
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