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Latvian forestry products imports up 24.6% in Q1 to €345.9M, with timber and timber products accounting for 66.5%, paper and paperboard products for 27.7%; Lithuania supplied 18.7% of forest sector imports, Belarus supplied 16.2%, Russia 12%

Latvia in Q1 exported €1.02B-worth of forestry products, up 36% year-over-year, with timber and timber products accounting for 88%; sawn timber exports were up 35.7% to €289.5M, chipboard exports up 61% to €86.9M, plywood up 41.3% to €82.1M

Much of the beetle-killed timber from Medicine Bow National Forest removed as part of 15-year forest management plan for southeastern Wyoming is being used for forest products, including sawlogs, pulpwood, lumber, biomass and firewood

Forest2Market: War in Ukraine to tighten lumber markets in Europe, China and US amid Western sanctions; longer-term, some lumber-producing companies may consider investing in new production capacity, though log supply in many EU regions is getting tighter

RBC Capital reiterates Rayonier at sector perform with US$40 target, noting Q1 results beat expectations; while business is benefiting from multiple tailwinds, including strong log pricing and increased interest in timberlands, shares are fully valued

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