Following a nine-month probe, South Korea’s Trade Commission has called for anti-dumping duties of 10.65% for five years against Vietnamese plywood products for causing damage to South Korean producers.
News in international markets
Japan’s Plywood Imports Declined Steadily in First Half of 2020
As reported by the International Tropical Timber Organization (ITTO), Japan’s plywood imports for the first half of 2020 have steadily declined.
New Zealand Offers Financial Support to Regional Four Bay of Plenty Timber Businesses
New Zealand’s Regional Economic Development Minster Shane Jones has announced that the Four Bay of Plenty timber businesses will be receiving investments totaling nearly $ 22 million through the Provincial Growth Fund.
‘Wood CO2ts less’ Campaign Underway in the U.K., to Increase Awareness of Woods Ability to Reduce Carbon Emissions
In the U.K., a campaign is underway to increase the awareness of how using wood from sustainably managed forests can help reduce carbon emissions. The campaign members say that using wood boosts the green credentials of builders and developers.
Malaysian Plywood Manufacturers Dealing with Multiple Competitive Issues
Malaysian plywood manufacturers are dealing with weak export demand, softening prices and reduced purchases from their largest trading partner, Japan, who is purchasing more panels from Indonesia, as well as having increased internal production.
Brazilian Exports of Wood-Based Products Increased 14.8 % in July 2020
According to the International Tropical Timber Organization the value of Brazilian exports of wood-based products (except pulp and paper) increased 14.8% in July to $268.8 million, when compared to July 2019, $ 234.1 million.
First Shipment from Binderholz GmbH Arrives at Canaveral Cargo Terminal at Port Canaveral Florida
The US market, including the Central Florida region, has been witnessing rising demand for lumber in recent years, driving an upsurge in such imports.
South Korea Extends for 5-years Anti-Dumping Tariffs on Plywood from China and Malaysia
Concluding that plywood products could be dumped into local markets when existing barriers are eliminated, South Korea’s Trade Commission on Thursday (8/20) made a preliminary decision to extend the anti-dumping tariffs on plywood products from China and Malaysia for five years.
India’s Ban on Logging and Transportation of Timber Fails to Slowdown Construction
According to Krishnadatta Bhatta, chief at Pahalmanpur Division Forest Office in Kailali, the federal government on May 28, had put a stop to logging and transportation of timber for a number of reasons, which included: investigating the alleged financial irregularities in the sale of timber and in inviting tenders; to ensure transparency in the expenditure of the community forest funds; and finally to curb rapid tree felling that was taking place in the first months of 2020.
German Softwood Lumber with Bark Beetle Infestation Finds New Market in China
The spruce forest lands in the North Rhine-Westphalia region of Germany have been suffering over the past three years. Unseasonably dry weather and then sudden and violent storms has created a perfect breeding ground for the bark beetle.