For the week ending June 10, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2x4 #2&Btr KD (RL) was again US$660 mfbm, said weekly forest products industry price guide newsletter Madison’s Lumber Reporter. This is down by -$285, or -30% from one month ago when it was $945.
This is one of the takeaways from the Canadian Dialogue on Wildland Fire and Forest Resilience, which is summarized in the What We Heard (WWH) report.
Problems with food packaging arose after the adoption of the fifth package of sanctions by the EU, which entered into force on April 9. Up to 50% of the laminated cardboard used for the food industry was imported into the country.
From July 10, the supply of pellets from Russia to Europe, which in 2021 accounted for 80% of Russian exports of these products, will completely stop. Last year, the country's income from the export of pellets amounted to $320 million.
The reduction in export volumes due to sanctions against the backdrop of rising transportation tariffs and the strengthening ruble made the production of lumber unprofitable.
The American Forest & Paper Association (AF&PA) President & CEO Heidi Brock issued the following statement after Colorado Governor Jared Polis signed HB22-1355 into law, creating an extended producer responsibility (EPR) program that includes paper and paper-based packaging products.
On a year-over-year basis, sales were 5.9% lower than a year ago.
Single-family permits decreased 4.6% to a 1.11 million unit rate in April. Nonetheless, the resale market lacks inventory, which is supporting demand for new construction.
How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...
In 2021, the top position in Italian machinery exports is taken by the United States (Euro 164.2 million, +13.9% over 2020), followed by France (Euro 118.2 million, +10.3%) and Poland (Euro 110.6 million, +34%).
The biggest factor driving change between February 2022 and February 2021 was a 178,000 m3 decline in softwood imports, with hardwood and plywood imports up by 32% and 8% respectively.
Median single-family existing-home prices rose at a faster rate nationally – 15.7% – from one year ago, up to $368,200
This is the worst quarter since the pandemic downturn in Q2 2020. In the fourth quarter, real GDP increased 6.9%.
This is the 10th such Woodchip and Biomass Trade Conference organised by Dennis Neilson (DANA NZ) since 2005, and the third co-convened by Gavin Hao (GINGKO Consulting).
In 2022, Russia's losses due to the ban on the supply of wood products to Europe may exceed $2 billion.
Since reaching its most recent trough in September 2021, prices have almost doubled, rising 90.4%.
Eastern Washington Congresswoman Cathy McMorris Rodgers and Congressman Bruce Westerman proposed legislation that would ban imports of wood products from Russia and Belarus. NAHB supports Rep. Bruce Westerman’s legislation.
"To secure future local timber supply and avoid shortages, we desperately need one billion new production trees planted by 2030. That planting needs to start immediately." said Ross Hampton, Chief Executive Officer of the Australian Forest Products Association.
The US South is the most abundant domestic wood market and its share of use in building materials to continue to increase.
The most recent lumber price spikes have added more than $18,500 to the price of an average new single-family home and nearly $8,000 to the price of a multifamily home.