News in international markets

Metsä Group said change negotiations concerning its Merikarvia sawmill have ended, and it has decided to close down operations by the end of June.

Ingka Investments has acquired 23,883 hectares in Europe—of which 19,276 hectares are forestland—in Finland, Estonia, and Latvia.

EU negotiators reached a provisional agreement on a regulation to establish the first EU-level certification framework for carbon removals.

Belarusian sawn timber exports expanded in January, Belarus 1, a state-owned television channel, reported.

The US exported 1.10 million metric tons of wood pellets in December, up from 655,649.2 metric tons in November, a Biomass Magazine review of USDA data shows.

German real estate company TAG Immobilen told Reuters that it anticipates home prices in Germany could fall as much as 30% below their 2022 peak.

In December, Brazilian exports of wood-based products (except pulp and paper) increased 2.0% year-over-year to US$270.8 million in value, the ITTO reported.

Stora Enso plans to initiate a new profit improvement program targeting annualized EUR 80 million improvement of the operational EBIT.

Södra Wood said it would consolidate its sawn timber operations to achieve economies of scale by relocating production volumes to its larger production units.