Global wood prices continue to fall on the world market. Demand for lumber is collapsing in North America. The reason: mortgage interest rates are rising dramatically and construction starts are collapsing. Lumber prices continued to plummet on the world market. Lumber was trading on the futures market at the end of April for around 500 US dollars per thousand board feet (mfbm) In mid-March, lumber was still quoted at just over 620 USD. That's a drop in the price of lumber by around 20 percent in just a few weeks. The last time there were similar ...
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