News

August saw a 78.6% increase in lumber prices in Russia

Posted on Oct 11, 2021 Source

  • In Russia, the average price of lumber increased by 78.6% to  $237.9 per cubic meter in August 2021
  • The exports of lumber decreased by 7.3% year-on-year to 2,636.8 thousand cubic meters but the value of exports increased by 65.5% to $627.4 million

CargoX partnered with Timber Exchange to improve atomicity, consistency, isolation, and durability (ACID) filing for the forest industry

Posted on Oct 11, 2021 Source

  • CargoX LTD. a global document transfer company and Timber Exchange aims to simplify and digitize global trade 
  • Timber Exchange plans to provide sawmills and timber exporters with flawless and automated experience
  • Timber Exchange has more than 90 smart tools to meet the entire trade and logistics lifecycle, from purchase inquiry to arrival at POD (proof of delivery). 
  • It also helps exporters to produce fully compliant shipping documents, check ACID items for imports into Egypt, submit shipping documents to Egyptian Customs Authorities, track all...

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Bid Group will deliver a new sawmill in Pineland, Texas

Posted on Oct 08, 2021 Source

  • Bid Group received an order from Georgia Pacific to establish a new sawmill at its Pineland, Texas operation.
  • The investment includes the addition of new debarking, log processing line, a continuous dry kiln, and a new high-speed planer and the work on the site will begin in early 2022

Sierra Pacific Industries (SPI) acquires Seneca

Posted on Oct 08, 2021 Source

  • The acquisition makes SPI the West Coast forest products leader with over 2.3 million acres of sustainably maintained timberland, 18 sawmills, and 8 renewable biomass energy cogeneration facilities, along with millwork and windows operations. 

US exports of logs saw a 19.3% increase in August 2021

Posted on Oct 08, 2021 Source

  • United State’s exports of logs grew by 19.3% year-on-year to 861.2 thousand cubic meters and the value of exports increased by 34.4% to $173.2 million.
  • The average price of logs increased by 12.6% to $201.1 per cubic meter

U.S. saw a 6% increase in Canadian lumber prices in August

Posted on Oct 08, 2021 Source

  • In the United States, Canada’s softwood lumber prices increased by 6% to $221.9 per cubic meter but the exports of softwood lumber declined by 9.4% year-on-year to 2,535.5 thousand cubic meters.

August saw a 12.6% increase in log prices in the U.S.

Posted on Oct 07, 2021 Source

  • In August 2021, the average price of logs in the U.S. increased by 12.6% to $201.1 per cubic meter.
  • The exports of logs grew by 19.3% year-on-year to 861.2 thousand cubic meters and the value of exports also increased by 34.4% to $173.2 million.

Segezha Group to spend $69 million to upgrade the production line at Vyatsky Plywood Mill in Russia

Posted on Oct 07, 2021 Source

  • Segezha Group will invest RUB 5 billion($69 million) to build a plywood processing shop and upgrade the production line at its Vyatsky Plywood Mill in Kirov, Russia.
  • The investment will increase the veneer and plywood processing capacity of the mill by 63,500 cubic meters per year and the share of high margin products in total output will reach 47% from 22%.

Brazil exports of logs increased 186% in September

Posted on Oct 06, 2021 Source

  • In September, Brazil’s exports of logs grew by 186.0% yearlong to 357.6 thousand cubic meters and the value of exports rose 224.3% to $27.6 million
  • The average price of Brazilian lumber increased by 13.4% to $77.3 per cubic meter

Canadian exports of lumber fell 5.7% year-on-year in August 2021

Posted on Oct 06, 2021 Source

  • In August, Canada’s exports of lumber decreased by 5.7% yearlong to 3,008.3 thousand cubic meters but the median price of Canadian lumber increased by 28.6% to $282.0 per cubic meter

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