Brazilian timber prices rising across the board

As of the end of February, the prices of Brazilian timber have risen across the board. Prices of Brazilian timber including ipé, jatoba and red sandalwood are on an upward trend. Brazil has recently gone through a new presidential election. Supporters of the former President Bolsonaro attacked the Congress dissatisfied with the election of the current President Lula, which caused a period of turmoil in Brazil and led to continued slack in production in the Brazilian timber industry. Lumber companies have also been reporting exchange rate instability, falling demand in Europe and North America, and selling below cost. At ...