Lumber prices – the hurdle that could cripple the recovery

July 27, 2020
Category: Today's Takeaway

The V-shapped housing market recovery is being challenged by low lumber inventories and high prices. Companies in the news include: Canfor’s Taylor pulp mill (record production); C&C Wood Products (a suitor is found); Elmsdale Lumber (a shortage of logs); Verso’s Luke Paper Mill (a lack of UI benefits); and Kimberly-Clark (new climate goals).

In Forestry/Climate news: the spruce budworm is surging in Ontario; a breakthrough agreement clears the way for thinning in New Mexico; new satellite technology to monitor Argentina’s forests; Scotland looks to expand its woodlands; and Germany’s forests decimated by insects, drought.

Finally, the summer heat is drying out BC’s forests; as wildfires abound in Maine and Portugal.

Kelly McCloskey, Tree Frog Editor

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