High lumber prices will eventually reduce demand

Friday 4 Jun 2021

Russ Taylor, president of British Columbia based Russ Taylor Global, says that high prices cure high prices. High lumber prices will eventually reduce demand and increase supply – high prices scare people away. He is confident the prices for lumber will start to settle down, but at higher levels than we have ever seen before. There will be a new “base level” price to result over time. Supply and demand will always balance, but North America just doesn’t the trees anymore to allow for more sawmill construction except in the U.S. South, he notes in an interview for Lesprom Network. More >>

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