Imports of wood pulp to European Union rose 1.8%.
Exports of lumber from Lithuania grew 10%.
Price for sawlog exported from Germany to China expanded 7%.
Price for lumber exported from Sweden grew 10%.
Vivienne Jupp has been appointed as the new Chairperson designate of Coillte to succeed the outgoing Chairperson, Bernie Gray.
The Madison’s Lumber Prices Index for the week ending March 15, 2024 was US$492 mfbm. This is up by +1%, or +$5, from the previous week when it was US$487.
Delivery, installation and commissioning is tentatively planned for autumn 2024.
Acadian Timber Corp. has closed on the acquisition of approximately 16,000 acres of commercial-quality timberlands in New Brunswick, Canada.
Nadine Orozco will facilitate internal and external teams to develop, evaluate, and oversee projects including acquisitions and partnerships, while providing strategic analysis for the company’s executive team and Board of Directors.
GreenFirst Forest Products reported net sales from continuing operations of $103.2 million during Q4 2023, an increase of $7.5 million or 8%, compared to Q3 2023.
Kruger’s Corner Brook Pulp and Paper will sell excess green energy from its Deer Lake Power assets to Newfoundland and Labrador Hydro. The agreement, which benefits both entities, will better position CBPP to face increasingly challenging conditions in the global newsprint market.
Price for lumber exported from Russia to Kazakhstan slipped 0.7%.
Canadian home prices see sudden end to declines in advance of spring market.
Price for lumber exported from Germany to the U.S. rose 2%.
Exports of wood pellets from Russia to South Korea contracted 14%.
Price for wood pellets exported from Vietnam to South Korea contracted 15%.