Wood Markets News


China’s Ban on Australian Forest Products Could Actually Boost Green Triangle Processing Industry

According to one Australian forestry sector representative, China’s indefinite suspension of timber exported out Australia’s Victoria region could actually help boost Green Triangle’s processing industry. Industry sources estimate the Green Triangle timber export industry underpins around 1,000 jobs in the south-east of South Australia (SA) and western Victoria.

Kenya Faces Shortage of Timber Just as the Country’s Needs Increase

Kenya’s demand for wood and wood products is increasing faster than their outdated sawmills and lack of forestlands can produce. A logging ban, imposed in 2018 by the Kenyan government, which applies only to government owned land, which is mainly mahogany, cypress and eucalyptus, which was meant to help regenerate its forests has made the situation even more dire, albeit needed.

Foreclosures Increase in October, Despite Ongoing Moratorium

ATTOM Data Solutions, a multi-sourced national property database, is reporting that despite a moratorium on foreclosures, in October, 6,042 U.S. properties were in the early phase of the foreclosure process. That is number is up 21% from September but remain -79% below the October 2019 level.

Consumer Price Index Unchanged in October

The U.S. Bureau of Labor Statistics (BLS) is reporting that the Consumer Price Index (CPI), excluding the volatile food and energy components (“core” CPI) was unchanged in October on a seasonally adjusted basis after rising 0.2% in September.