During the first ten months of 2020, US importation of overseas softwood lumber was 39% higher than during the same period in 2019. By year-end, 2020's import volume will likely be close to 4.7 million m3, the highest level in 15 years. The importance of overseas lumber supply has increased in recent years as the supply from Canada has dwindled. Despite record-high lumber prices in the US in 2020, Canadian lumber shipments to its southern neighbor have fallen for the fourth consecutive year. A reduction in the Annual Allowable Cut (AAC) in ...
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