Times have been good for lumber producers in 2020, with profitability rising worldwide. Most important lumber producing countries have had their highest gross margins in at least two years, with North America standing out as the continent with the most spectacular profit improvements. In the 3Q/20, US lumber prices reached record-highs, while sawlog costs generally did not move much. These developments resulted in sawmill gross margins (revenues from lumber and by products subtracted by the expenses of sawlogs) in Canada and the US reaching their highest levels since WRQ started reporting global sawmill profitability ...
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