The world is running low on cheap woodFriday 8 Nov 2024
As a global wood market expert, Russ Taylor is often asked: “Are we running out of wood?” The answer is "no, but…" The world is not running out of timber, per se, he said at the Global Wood Summit. “Absolutely, we’re running out of cheap wood,” he added. “Really, there’s not many places left in the world for new logs or low-cost logs.” Log and lumber markets are also in a complex and tumultuous cycle, as well, driven by supply disruptions, changing trade policies, macroeconomics, and a decline in China’s economy, which has had a major impact on log and lumber demand there. Climate change produced a bonanza of cheap wood in B.C. and Europe through beetle infestations, which resulted in an increased supply of cheap logs and lumber for export, Taylor said. More >> Source: Business Intelligence For BC Image credit: Russ Taylor Global | ||
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