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Recent Articles

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CIBC maintains Mercer's neutral rating and US$9 target, noting limited near-term downside risks to pulp prices and potential for additional supply shocks; company expected to benefit from recovery in European lumber demand in 2025

Latvia forest products imports fall 28.4% in 2023 to €1.02B; timber and timber products drop 37% year-over-year to €566.2M, with sawn timber imports down 57.4% year-on-year to €108.9M, and round timber imports down 45.7% to €107.1M

North American construction framing softwood lumber sales were steady with flat prices in January, providing stability for home building, forestry industries; 'reasonably good' housing starts are expected in 2024, with anticipated strong Spring season

Timber industry faces rising shipping costs, freight irregularity due to Red Sea conflicts, finds January Global Timber Index; other challenges reported were reduced shipments, difficulty in sales channels, high customer turnover, unstable orders: ITTO

North American lumber capacity fell by 2% in 2023 as poorly positioned lumber producers closed, including closures of nine sawmills with capacities over 100 mmbf; total North American softwood lumber production capacity in 2023 was over 75 bbf

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