Rising prices putting pressure on the UK softwood market

As March progresses, raw material shortages and increased log costs are exerting significant pressure on the UK market. Regardless of demand fluctuations, prices are on the rise, recovering from the low levels that prevailed in Q4 of last year. Producers are now implementing regular price increments, which are set to take effect on a monthly basis. Last autumn, Baltic processors supplying the UK struggled with an unworkable market as escalating log costs far outpaced potential returns from UK buyers. As reported previously, many producers pivoted away from building specifications in favor of wood fuel, pallet wood, and agricultural fencing ...