Brazilian exports of wood-based products (except pulp and paper) fell 9.0% in value year-over-year to $306.7 million in April, ITTO reported.
News in international markets
New South Wales, Australia, Announces $13 Million Forestry Funding Package
New South Wales announced a $13 million (AUD) forestry funding package to provide much needed protection of critical timber supplies in the lead up to the next bushfire season.
Isojoen Saha Announces Significant Investment in Its Isojoki, Finland, Sawmill
Finland’s Isojoen Saha announced on Friday that it will build a new main sawmill line. The investment is one of the largest in the company’s 74-year history.
Keitele Group Announces Major Investment at Its Sawmill in Keitele, Finland
Keitele Group is investing more than EUR 40 million to increase annual sawn timber capacity at its sawmill in Keitele, Finland.
Southern Forest Products Association Receives $1.24 Million in USDA Funding to Expand Exports
The SFPA has received $1.24 million in funding over the next five years from the USDA Foreign Agriculture Service’s Regional Agricultural Promotion Program (RAPP).
EU Extends Antidumping Tariffs on Imported Birch Plywood From Russia to Kazakhstan and Turkey
The extension follows an investigation which concluded that EU anti-dumping duties on imports of birch plywood from Russia were being circumvented by imports transshipped from Russia to Kazakhstan and Turkey.
Metsä Group Completes Sale of Russian Subsidiaries to VLP Group
Metsä Group has completed a transaction in which the ownership in the group’s four Russian subsidiaries has transferred to VLP Group.
Weaker UK Construction Output Drags Down Imports of Construction Materials
UK imports of main product groups are up by just 0.2% for the first two months of 2024 when compared to the same period in 2023, The Construction Index reported.
Metsä Group’s Regenerative Forestry Principles Improve Natural State of Forests
Finnish forest owners have welcomed the measures implementing Metsä Group’s regenerative forestry principles, the company said.
IKEA Announces New Wave of Price Cuts
Ingka Group, the largest IKEA retailer with about 90% of IKEA retail sales, said it continues to lower prices despite a challenging year.