News in international markets

Brazilian exports of wood-based products (except pulp and paper) in February decreased 8.5% in value year-over-year, the ITTO reported.

UPM Plywood and the Industrial Union have failed to reach an agreement on a new employer-specific collective agreement, UPM announced.

Since Brexit, the UK’s renewable energy strategy has led to increased imports wood pellets, the USDA Economic Research Service reported.

Setra Group will transition its Långshyttan, Sweden, CLT and wood component facility from continuous production to periodic production.

Latvian Forest Company AB will explore the market regarding a sale of the company’s forest assets in Latvia and Lithuania.

The Western Forest will see 20 million trees set to be planted across the West of England in the coming decades, creating at least 2,500 hectares of new woodland.

UBS analysts are the latest to raise expectations that China’s struggling real estate market is close to stabilizing, CNBC reported.

The Memorandum of Cooperation is aimed at reinforcing New Zealand’s commitment to enhancing collaboration with India in the forestry sector.

On Friday, the European Commission issued an alert warning of a high risk of sanctions circumvention in plywood imports.