China is extending the Section 301 retaliatory tariff exclusions on seven hardwood products through July 31st.
News in international markets
As of January 1st, Native Logging in Western Australia Has Ended
As of January 1st, the Western Australia Government’s promise to end logging in native forests became a reality, PS News reported.
Stora Enso Agrees to Sell Land and Machinery at Its Recently Closed Näpi, Estonia, Sawmill to Puidukoda
Stora Enso announced that it has signed an agreement to sell its recently closed (June 2023) Näpi, Estonia, sawmill to Puidukoda, a local planed timber producer.
Empresas Copec to Sell Some of Its Forestry Businesses to Brazilian Pulp and Paper Company Klabin for $1.16 Billion
Chile’s Empresas Copec announced that it has agreed to sell some of its forestry businesses to Brazilian pulp and paper company Klabin in a sale worth approximately $1.16 billion, according to Reuters.
Vietnam Reports Increase in Exports of Wood Products in November
Preliminary statistics from Vietnam reviewed by the ITTO Tropical Timber Market Report reveal that Vietnam’s wood and wood product exports reached US$1.3 billion in November, up 1.4% compared to October.
Australian Timber Producers Receive Federal Grants to Expand Plantation Forests
Australia’s Department of Agriculture, Fisheries, and Forestry will distribute $70 million (AUD) in federal grants to expand Australia’s plantation estates, ABC reported.
Western Australia Releases Forest Management Plan 2024–33
The plan includes the end of commercial logging in native forests as a part of the latest framework for managing more than 2.5 million hectares (6.18 million acres) of native forest.
UK Launches Ambitious Plan to Increase Use of Timber in Construction
The UK unveiled an ambitious new roadmap to increase the use of timber in the construction of homes and buildings to reduce emissions and reach net zero carbon emissions goals.
BC Forestry Sector Embarks on Mission to Japan to Showcase BC’s Innovation in Wood Products
The delegation will include the Ministry of Forests, as well as First Nations delegates and forestry-sector representatives from companies of all sizes.
US Wood Pellet Exports Increase Month-Over-Month and Year-Over-Year in October
The US exported 835,552 metric tons of wood pellets in October, according to the US Department of Agriculture’s Foreign Agriculture Service and Biomass Magazine.