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Global Trends Review

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

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...

Global timber market review #22/23-2016

December 31, 2016 ` 22:21  
– Latvijas Finieris Group opens a new birch plywood mill in Kohila (Estonia), launching products with RIGA logo there, Fordaq reported. After two investment phases worth €80 million in total, a world-class birch plywood mill has been created:...

Global timber market review #21-2016

December 31, 2016 ` 15:48  
– In the first three quarters of 2016, log imports through Taicang Port, China, totalled 6.51 million m3 valued at $920 million, ITTO reported. Of the total, the value of log imports from Russia through Taicang Port soared...

Global timber market review #20-2016

November 22, 2016 ` 02:40  
– According to ITTO, the bankruptcy of the Hanjin shipping line has thrown ports and retailers around the world into confusion. Recently written notices were received from shipping companies and agents that the prices for ocean shipping from...

Global timber market review #19-2016

October 28, 2016 ` 00:28  
– In July 2016, seasonally adjusted production in the construction sector increased by 3.1% in the Euro area and by 1.0% in the EU28, according to first estimates from Eurostat, the statistical office of the European Union. In...

Global timber market review #18-2016

October 17, 2016 ` 18:08  
– Austria-based timber group Binderholz is positioning itself to make greater inroads in the UK’s sawn and planed softwood market following the formation of a new UK division, TTJ reported. The company is looking to sell the products...

Global timber market review #17-2016

October 3, 2016 ` 11:18  
– Despite many talks regarding the renewal of the softwood lumber agreement between the US and Canada, the two sides aren’t close enough on numerous key issues. Martin Moen, the Canadian chief negotiator in the softwood lumber talks...

Global timber market review #16-2016

September 18, 2016 ` 21:40  
– Finland’s export volume of sawn timber grew by 15% in January-June 2016, Fordaq reported. The export value totalled EUR 650m. Managing Director of Finnish Sawmills association, Kai Merivuori, says the profitability of the sawmill industry in Finland...