Archives: June 2022

Lithuania plans timber export ban as sanctions cause raw material shortage

Due to the export of Lithuanian timber, the local industry is experiencing an increasing shortage and price of raw materials [...]

Boise Cascade to acquire Coastal Plywood Company for $512 million

Boise Cascade has reached an agreement to acquire Coastal Plywood Company, including its two manufacturing locations, from Coastal Forest Resources [...]

No sales market for Russian pellet exporters starting July

From July 10, the Russian wood pellet exports to Europe, the main market for Russian companies, will be completely stopped [...]

Skyrocketing wood prices in Japan due to Ukraine war

The war in Ukraine has inflated the cost of timber in Japan.    Russia’s retaliatory measures [...]

France: Considerable rise in lumber prices for Q1/2022

    As the below table shows, Q1/2022 prices for various lumber products in France have shown [...]

Strong demand in Finland’s timber market as imports collapse; wood prices will rise

Finland's wood market has begun to pick up in recent weeks. Purchase volumes and prices of wood have risen [...]

New Zealand log export prices at a low level in June

    June is historically the poorest performing month in the New Zealand export log market and this [...]

Global port congestion improves, freight rates will remain high

High freight costs, congestion at terminals, earlier peak seasons and due to strict Covid-19 lockdown measures have had a [...]

Some sawmills in Russia expected to curtail production from July

The decline in export volumes due to EU sanctions against the backdrop of rising transportation tariffs and a stronger ruble [...]

Ponsse to adjust operations: “Russian market too big to replace”

Finnish forest machine manufacturer Ponsse will start personnel negotiations next week.    The negotiations will focus on [...]