Archives: November 2022

Latvia: Wood prices have reached a temporary low, no further falls expected

    Latvian wood processing company SIA "Kronus" predicts for the fourth quarter of 2022 that wood prices [...]

N. American wood products market expected to rise sharply by 2026

The North American wood products market is forecasted to reach $243.9 billion in 2026, witnessing growth at a CAGR [...]

The capacity utilization rate of Russian timber companies is less than 50%

The sharp drop in Russian timber product exports following the imposition of EU sanctions is not surprising to all parties [...]

Estonia: Softwood log prices continue to fall in Q3/2022

    The ongoing war in Europe and the energy crisis caused by Russia have led to abnormal [...]

Ocean freights drop sharply as global trade slows down

In 2021, the skyrocketing shipping prices have made the world's major shipping companies more profitable, but now, such good [...]

Indonesia slows wood product exports to China and US

According to data recently released by the Indonesian Ministry of Environment and Forestry, as of September this year, Indonesia's [...]

Arauco’s plants in Argentina at risk of shutdown under import controls

    The Chamber of the Argentine Timber Industries (CAIMA) has warned that local timber producers may soon [...]

Interfor reports Q3/2022 results

    Interfor Corporation recorded net earnings in Q3 2022 of $3.5 million, or $0.06 per [...]

Moelven to reduce production at its sawmills

    Norwegian Moelven delivered a good result for the third quarter, but warns that the time ahead [...]

Global trade of softwood lumber down 10%

Global trade of softwood lumber fell about 10% in the first half of 2022 compared to the same period in [...]