In spite of a side deal to the Trans-Pacific Partnership (TPP), intended to ensure stable supply, log exports from Canada to Japan have dropped significantly in recent months.
News in international markets
TopHat Enters into 5-year Agreement with BoKlok to Build 200 New Affordable Homes in UK
The United Kingdom’s provider of affordable homes BoKlok UK, which is jointly owned by Skanska and Ikea, has announced the appointment of TopHat to construct its first houses in the UK.
Russian Sawn Wood Exports Down -9.8% Year-On-Year for the Period of January – May 2020
According to data provided by the RF Federal Customs Services, Russia’s exports of sawn goods were down -9.8% year-on-year for the period of January – May 2020.
Vietnam Forestry Exports Reach 5.3 USD in First Half of 2020
The Vietnam Administration of Forestry is reporting that in the first six months of 2020, export revenues of forestry product were over 5.3 billion USD.
Despite Dire Post COVID Predictions New Zealand Home Prices and Sales Activity Grow in June
The Real Estate Institute of New Zealand is reporting that in spite of the COVID-19 pandemic and the predictions of a decline in housing values and sales, in June housing prices increased nationally 9.2%, while sales volume grew by 7%.
New Zealand Experiencing a Sharp Fall in Log Prices
New Zealand is currently reporting a sharp fall in log prices. Evan MacClure, a Timaru-based director for Forest Management (FM) said “an estimated 30% drop in price” will impact both companies and contractors.
Worldwide Residential Sales Activity Continues to Accelerate
Knight Frank, a global real estate consulting firm, is reporting in their latest Global Property Index (GPI) that in spite of continuing localized outbreaks of the COVID-19 virus, many global cities are reporting that the sales volume of residential properties continues to improve.
Koskisen to Invest 35 – 40 Million €s in Sawmill in Järvelä, Finland
Koskisen, a Finnish wood industry company, has announced it is planning to make a substantial investment in a sawmill in Järvelä, Finland.
COVID-19 Pandemic’s Impact on European Plywood Markets Not as Severe as Initially Feared
According to ITTO, the impact of the COVID-19 pandemic on the European plywood markets has proven to be less severe than the originally feared.
Brazilian Exports of Wood-Based Products Decline 13.5% in May
According to the International Tropical Timber Organization the value of Brazilian exports of wood-based products (except pulp and paper) dropped 13.5% in May to $236.3 million, when compared to May 2019 , $ 273.3 million.