Radio New Zealand reported that log export prices have firmed this month, with sales to New Zealand’s largest customer, China, picking up despite its post-COVID construction slowdown.
News in international markets
China Considering $137 Billion in Funding to Boost Urban Village Renovations and Affordable Housing
China plans to provide at least US$137.22 billion (1 trillion yuan) of low-cost financing to urban village renovation and affordable housing programs, Reuters reported, citing Bloomberg.
Metsä Group Signs Agreement With Raute for Delivery of Technology for New Kerto LVL Mill in Äänekoski, Finland
Metsä Group announced that it has signed an agreement with Raute for the technology delivery of the new Kerto LVL mill in Äänekoski, Finland.
Indonesia Launches Carbon Trading Scheme for Forestry and Land Use Sectors
Indonesia has launched a carbon trading scheme to boost GHG emissions absorption from the forestry and other land use sectors to reach its carbon dioxide reduction targets by 2030, Tempo.co reported.
US Wood Pellet Exports Decline in September
The US exported 796,988 million metric tons of wood pellets in September, down 21% from August, according to the USDA and Biomass Magazine.
Ireland Forms New Steering Group to Examine Greater Use of Timber in Construction
Ireland announced on Tuesday the creation of a new steering group to examine increasing the use of timber in Irish construction.
Finland’s Oldest Sawmill, Kotakamills, to Close Its Doors by Year’s End
Citing the high cost of raw materials and the declining price of sawn timber, Finland’s oldest sawmill will close by the end of the year, according to Yle News.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in September
In September, Brazilian exports of wood-based products (except pulp and paper) declined 24.0% year-over-year in value, according to the ITTO.
BSW Timber Wins Approval to Expand Sawmill in Wales
BSW Timber was granted approval from Powys County, Whales, to create the first “super” sawmill in Wales, according to the Brecon & Radnor Express.
Stora Enso Launches New Planting Model at Its Logging Sites in Finland
Stora Enso has launched a new operating model at its logging sites in Finland to improve the vitality and biodiversity of forests: reducing the density of planted spruce trees.