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An example of a few headlines sent to our customers on Mar, 22 2023
Forestry & Timberland

powered by Industry Intelligence, Inc.

March 22, 2023

Industry Roundup

Deforestation / Reforestation

Mary Kay Receives Forest Stewardship Council Certification and Celebrates 1.3 Million Trees Planted With the Arbor Day Foundation
Business Wire (03/21)

Forestry

San Group owners host Canadian federal lawmakers on tour of remanufacturing plant and Coulson Sawmill in Port Alberni, British Columbia; Conservative Party leader focuses on merits of value-added forest products in supporting jobs
Nanaimo News Bulletin (BC) (03/21)

South Australia government launches Strategic Plan for the Forestry Centre of Excellence, a AU$15M, 10-year collaborative project being developed in Mount Gambier that will accommodate multiple forest industry entities
Australian Rural & Regional News  (03/21)

Timberland / Forestland

Drax plans to build 450,000 ton/year wood pellet plant in Longview, Washington, that regional nonprofit says will target Asian market; biomass opponents again raise concern about pellet export demand harming US forests
Public News Service (03/21)

UN IPCC report cites sustainable forest management and sustainably produced forest products as key climate change solutions; Australian Forest Products Assn. says nation can help 'lead the world' in reducing emissions through forestry and forest products
Australian Forest Products Association (03/21)

Forestry/Timberland

US Forest Service awards US$9.8M to Lake County, California, wildfire risk reduction project; agency is allocating US$78M statewide as part of Community Wildfire Defense Grant program
Lake County News (CA) (03/21)

Latest UN IPCC report outlines urgent action needed to achieve global climate goals by 2050; American Forest Foundation CEO stresses importance of forest-based solutions to leverage carbon markets that invest in health and productivity of US forests
American Forest Foundation (03/21)

Australian Forest Products Assn., marking International Day of Forests, calls on lawmakers to recognize potential forest industries provide for Australia to meet its emission reduction targets and fight climate change
Australian Forest Products Association (03/21)

 Agri

Cannabis Farming

Brazilian appeals court agrees to rule on whether companies and farmers can plant cannabis in the country, potentially opening the door to legal cultivation for medicinal and industrial purposes after legislative efforts stalled in recent years
CE Noticias Financieras (03/21)

Regenerative Agriculture

Missouri University's Center for Regenerative Agriculture leading a new US$10M grant project from the USDA to support farmers and improve agriculture practices during severe weather and a warming climate
Education Daily Report (03/21)

PepsiCo announces US$216M multi-year investment in long-term, strategic partnership agreements with Practical Farmers of Iowa, Soil and Water Outcomes Fund, IL Corn Growers Association to drive adoption of regenerative agriculture practices across US
PR Newswire (03/21)

 Land

Land

Twenty percent of Ukrainian farmland to remain unsown amid current war with Russia, government official says
UkrInform (03/21)

Barry Callebaut and Nestle announce partnership to roll out 11,500 hectares of agroforestry in the Ivory Coast, including payments for ecosystem services
Barry Callebaut AG (03/21)

 Wood Products

Lumber

CIBC Chopping Block (March 17): Lumber prices inch up on strong housing data, falling mortgage rates and potential additional curtailments in Western Canada; W. SPF lumber prices up 0.8% week-over-week to US$360/mbf, and SYP 2x4 up 1.7% to US$489/mbf
CIBC World Markets Inc. (03/21)

 Pulp/Fiber

Paper Pulp

Service New Brunswick's decision to retract C$3.5M of its C$3.7M assessment increase in 2021 for JD Irving's Saint John paper mill is mill's third major valuation reduction since 2012; mill's property tax assessment now among lowest in Canada for its size
CBC (03/21)

UPM continuously in discussions with customers to further develop UPM Euca, such as UPM's close cooperation in recent trial production of talc-free eucalyptus pulp; sustainable UPM Euca produced from two eucalyptus species to ensure softness, strength
UPM Kymmene Oyj (03/21)

Paper Recycling / Recovered Paper

Wealthy countries export 1.8 million tonnes more of plastic waste to developing nations than previously thought; waste that is not classified as plastic waste, such as paper bales, may contain 5%-30% plastic, while discarded clothing is 60%-70% plastic
Grist (03/21)

US OCC prices down 74% year-over-year in February, following January's 78% year-over-year drop; continuing economic uncertainty--including inflation, changing consumer patterns--tamping down expectations for strong OCC market turnaround in H1 2023
Waste Dive (03/21)

Publication / Fine Paper

German recycled graphic and packaging paper manufacturer Kubler & Niethammer Papierfabrik will permanently close Kriebstein mill, citing high energy costs, low demand; management in talks with potential investor to maintain parts of company, some staff
Industry Intelligence Inc. (03/21)

Specialty Papers

Undisclosed company buys Chinese papermaker Minfeng Special Paper's 34% minority stake in Hangzhou Jiafeng New Material Technology for US$40,000
Marketline - Deals (03/21)

Containerboard

Spanish pulp, paper, board, paper packaging and recycling associations partner to form Circular Cardboard, an initiative to ensure correct management, recycling and sustainability of cardboard packaging in the industry
Asociación Española de Fabricantes de Pasta, Papel y Cartón (ASPAPEL) (03/21)

Paperboard

City of Kalamazoo, Michigan, partners with JustAir on one-year pilot project to install air quality sensors to detect five types of pollution--including nitrogen dioxide; Michigan cited Graphic Packaging paperboard mill in September for nitrogen oxides
Kalamazoo Gazette (03/21)

 Real Estate

Existing Homes

US existing-home sales rose 14.5% in February to seasonally adjusted annual rate of 4.58 million; inventory of unsold homes was 980,000, equal to 2.6 months of the monthly sales pace: NAR
National Association of Realtors (NAR) (03/21)

Mortgages / Home Financing

Share of US mortgage loans in forbearance at 0.60% as of Feb. 28; share of Ginnie Mae loans in forbearance down 9 basis points to 1.28%, Fannie Mae and Freddie Mac loans in forbearance fell 2 basis points to 0.28%: Mortgage Bankers Assn.
Mortgage Bankers Association (03/21)

Canada's Consumer Price Index in February rose 0.4%, up 5.2% annually following a 5.9% annual gain in January; higher mortgage interest costs were partially offset by lower energy prices: Statistics Canada
Statistics Canada (03/21)

Housing Starts

RBC Capital: February US housing data seen as positive, with starts significantly above consensus, driven by multifamily rising 24.1% month-over-month; housing permits also well above expectations, and homebuilder confidence rose, driven by pent-up demand
RBC Capital Markets LLC (03/21)

Thrifts & Mortgage Finance

Commercial/multifamily mortgage debt outstanding increased by US$77.9B, or 1.7%, in Q4 over Q3; multifamily mortgage debt increased by US$35.6B, or 1.8% to US$1.96T: Mortgage Bankers Assn.
Mortgage Bankers Association (03/21)

 Logistics

Trucking / Van Delivery

ATA Truck Tonnage Index Increased 1.2% in February
American Trucking Associations (03/21)

Ocean Cargo / Shipping

South Carolina Ports see stronger-than-usual container volumes at Port of Charleston in February, as state continues to attract new business; loaded exports were up 12% year-over-year, although volumes, including loaded imports, softened overall
States News Service (03/21)

Hapag-Lloyd announces General Rate Increase from Asia to west coasts of Latin, Central America, Mexico and Caribbean, as of April 1; rates to rise to US$350 for 20-ft dry containers, US$500 for 40-ft dry, high-cube and non-operative Reefer containers
Maritime Gateway (India) (03/21)

Marine Ports

UK's Drax to spend some US$300M to build 450,000-tonnes/year wood pellet plant in Longview, Washington, and expand its Aliceville, Alabama, pellet plant; Longview investment includes development of a new port facility
Industry Intelligence Inc. (03/21)

Logistics, Shipping & Delivery

Kuehne+Nagel increases Decathlon's logistics capacity in Latam by 30%
Kuehne + Nagel International AG (03/21)

Penske to lay off 152 workers in Keller, Texas, by May 20 after losing Kroger contract; 141 workers affected are union members
Dallas Morning News (03/21)

 Bioeconomy

Biomass

Drax pauses UK BECCS investment in 2023 as it awaits clarity of government's commitment to its project; company says that, without government support for BECCS, Drax's largely biomass-fueled power station in England could become unviable in 2027
UKI Equity Markets (Web Disclosure) via PUBT (03/21)

Biofuels

Mid Sweden University researchers studying how wood fiber banks in water--resulting from pulp mill pollution in the 1970s-- can be converted into biofuel; findings indicate that fibers can be converted into biofuels using bacteria and yeast fungi
M-Brain Nordic News (03/21)

 Stock

Latest: Mar, 21 2023

Latest Value Prev Chg YOY Chg
Watchlist
PotlatchDeltic (PCH) 49.30 49.25 0.10% -11.52%
Rayonier (RYN) 32.49 32.60 -0.34% -21.52%
Weyerhaeuser (WY) 29.84 29.84 0.00% -23.86%
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