The EU will launch its first countermeasures next week in response to US tariffs, joining China and Canada in escalating the global trade conflict, Reuters reported.
News in international markets
Wildfires in Scotland Strain Fire Service Budgets
Firefighters in Scotland are continuing to tackle a wildfire that has spread over a large area of forest in Scotland, The Guardian reported.
US Wood Pellet Exports Decline in February
The US exported 796,490.2 metric tons of wood pellets in February, down from 825,269.9 metric tons in January, the USDA and Biomass Magazine reported.
Brazilian Exports of Wood-Based Products Decline Year-Over-Year in February
Brazilian exports of wood-based products (except pulp and paper) in February decreased 8.5% in value year-over-year, the ITTO reported.
Strike at UPM Plywood Mills in Finland Continues as Union Rejects Latest Offer
UPM Plywood and the Industrial Union have failed to reach an agreement on a new employer-specific collective agreement, UPM announced.
New Forests Partners With Oji Holdings to Establish $300 Million Forestry Fund
New Forests has partnered with Oji Holdings to establish the Future Forest Innovations Fund, a forest investment fund to help it achieve its 2030 environmental goals.
UK Biofuel Policy Following Brexit Opened Markets for US Wood Pellets
Since Brexit, the UK’s renewable energy strategy has led to increased imports wood pellets, the USDA Economic Research Service reported.
Setra Reduces Production in Långshyttan, Sweden
Setra Group will transition its Långshyttan, Sweden, CLT and wood component facility from continuous production to periodic production.
Latvian Forest Company Exploring Sale of Forest Assets in Latvia and Lithuania
Latvian Forest Company AB will explore the market regarding a sale of the company’s forest assets in Latvia and Lithuania.
UK to Plant First National Forest in 30 Years
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.