Global wood prices continue to fall

The global wood market is also going down steeply. The problems on other continents are almost the same as in Europe. Rising interest rates are strangling the housing market and plunging the construction industry into a serious crisis. Lumber prices fell to about $480 per 1,000 board feed in the U.S. this week due to weak demand, near the four-month low hit on September 21. Since the last interim high in July, wood prices have fallen by 20% . The latest data showed a decline in US softwood lumber imports from Europe, which totaled 428 million ...