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Global Trends Review

Major trends of the week in the world’s forest industry.

China launches like an octopus its tentacles in the world of the forest, but most of all plagued Russia

April 15, 2019 ` 16:00  
In China, the volume of wood processing increases annually. Sharply limiting logging in its own forests, China turned to imports, including from the rich forest power of Russia. The increased demand for forest in China is responsible for...

Moody’s – Outlook for the global paper and forest products industry changed to negative

April 11, 2019 ` 12:00  
Global operating income will fall 2%-4% over the next 12 to 18 months. Input costs are rising, while demand for paper and prices for wood product and market pulp are falling. The outlook for the global paper and forest products industry has been...

In 2018, exports of forest products from Finland increased by 5%, and imports – by 34%

In 2018, the value of exports of forest products from Finland amounted to €13,20 billion, +5% yoy, according to Luke. For comparison: according to the calculations of the WhatWood agency, exports of forest products from Russia to 2018 amounted...

China reduces VAT on sawn timber and round timber from 1 April 2019

April 6, 2019 ` 14:00  
VAT on some commodities and services has been reduced in order to stimulate the economy and the development of processing in the country. VAT on round timber is reduced from 10% to 9% sawn timber from 16% to...

UPM continues preparations for the construction of a new world-class pulp mill in Uruguay

March 7, 2019 ` 19:00  
UPM sales in 2018 increased by 5% and comparative EBIT by 17%. About it reports a press-service of the company. According to UPM President and CEO Jussi Pesonen, ” 2018 was a record year for UPM. Despite the...

The production capacity of the SCA Tunadal Sawmill plant will increase to 900 thousand cubic meters per year

March 7, 2019 ` 16:00  
SCA is applying for a new environmental permit for the Tundal Sawmill, the press service reported. Currently, the company has a permit for the maximum output of 600 thousand cubic meters of solid wood products per year. The...

The US increased exports of pellets by 17 % in 2018

March 7, 2019 ` 14:00  
The US exported 6.04 million metric tons of wood pellets in 2018, an increase of about 17% compared to 5.14 million metric tons exported in 2017, according to data published by the USDA Foreign Agricultural Service – the...

The International Monetary Fund gives new forecasts for the development of the Russian economy for two years ahead

January 22, 2019 ` 14:00  
According to estimates of the International Monetary Fund (IMF), economic growth in Russia will decline in 2019 by 0.2 percentage points and amounted to 1.6 %, and in 2020 – by 0.1 percentage points and will stay at...

During the New Year holidays in Russia, the Russian ruble has become stronger

As of January 09, the dollar fell below 67 rubles, and the euro fell below 77 rubles. At the same time, the cost of oil increased during the new year holidays. If last year the price per barrel...