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Global Trends Review

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

Problems of big data analytics in the timber trade industry

March 20, 2023 ` 17:49  
As the timber trading industry continues to evolve, the importance of data analytics is becoming increasingly clear. Big data analytics has become a valuable tool for companies to optimise their operations, make informed decisions, and stay competitive in...

Russian Timber Journal 02-2023: interview with Yuri Strezhen, CEO at Praktika Group; state support measures for the Russian timber industry affected by the sanctions pressure; China reduced log imports from all the main suppliers in 2022; Vladimir Putin proposed to grant enterprises a deferment on forest area lease payments for unharvested timber; the Government of the Russian Federation increased the maximum amount of compensation for the expenses of timber enterprises for the transportation of their products; in 2022, Russia reduced the volume of logging by 13.5% to 194.6 million m³, according to Roslesinforg; Russian Railways resumed accepting sawn timber for export shipments through Kazakhstan; International Paper reaches agreement to sell ownership interest in Ilim joint venture; Segezha Group may reorient the Segezha West project to new products; the volume of furniture export from Russia dropped by 39% YoY in 2022, down to 29.5 billion rubles; Luzales and Slotex acquire Russian assets of IKEA

Russian Timber Journal 02-2023: Yuri Strezhen, CEO at Praktika Group: “This is a good time to improve the efficiency of both production and administrative processes of enterprises”; support measures mentioned by the business, relevant agencies, regions, the Government...

EIA: Russian birch products bypass US sanctions via Vietnam

October 11, 2022 ` 19:09  
Russian birch wood is routed through Asia before being shipped to American stores, reports The Washington Post, citing an exclusive report from the Environmental Investigation Agency. The Environmental Investigation Agency (EIA), a nonprofit watchdog group based in Britain,...

UK detects Russian origin of imported Chinese plywood

September 6, 2022 ` 22:27  
Timber Development UK (TDUK), has issued a trade alert urging vigilance to ensure no plywood offered by Asian manufacturers to UK importers contains birch originating in Russia. TDUK note that a worrying development has emerged in recent weeks...

US lumber prices decline in early August

August 18, 2022 ` 13:32  
Dropping markedly after two weeks flat, for the week ending August 5, 2022 the price of benchmark softwood lumber item Western Spruce-Pine-Fir 2×4 #2&Btr KD (RL) was $610 mfbm, according to Madison’s Lumber Reporter. This is down by...

US housing starts hit 18-month lows

August 18, 2022 ` 13:21  
Construction of new US homes hit 18-month lows in July, according to Commerce Department data on Tuesday that suggested that interest rate hikes by the Federal Reserve were boosting mortgage rates that in turn were strangling the property...