Market Analysis

Will the production of wood pellets be stopped in Russia due to sanctions?

    Starting July 10, the Russian wood pellet exports to Europe will be completely stopped. From this [...]

North American softwood lumber prices start to rise again

     North American softwood lumber prices surged more than 7% on Thursday as mortgage rates fell for [...]

Because of sanctions against Russia, firewood is becoming a new energy source for European countries

    The surge in gas and electricity prices has sparked interest in Europe for a long-forgotten [...]

European buyers showing more interest in African timbers

Producers in the Central/West African region are reporting firm demand for padouk, okoume, ovangkol and even gheombi, a timber [...]

Rising costs cast doubt on Vietnamese wood companies growth prospects

As wood export turnover is rebounding with rising demand in the domestic market, the revenues of Vietnamese wood enterprises are [...]

UFP Industries acquires 50% stake in Dempsey Wood Products, LLC

    UFP Industries (UFPI) announced that its affiliate, PalletOne, Inc., has acquired a 50% equity stake in [...]

U.S. open to new lumber talks with Canada

The United States is open to fresh negotiations with Canada to resolve a longstanding dispute over U.S. tariffs on [...]

N. American lumber prices fall further as mortgage rates hit fresh 13-year high

   Lumber prices fell last Thursday, marking the first decline in more than a week, as mortgage rates rose [...]

Russia reduces production of wood pellets by 10% due to lack of export markets

At the end of 2021, about 2.5 million tons of wood fuel pellets were produced in Russia. However, in [...]

Wood prices in Germany: spruce 50% more expensive – new record prices

While the world market prices for wood are falling, there is no sign of this in Germany.    [...]