The US imported much more timber in July. There was a 21% increase in imports from June to July. The largest increase came from an influx of lumber from Canada, where a large portion of US imports come from.
University of Canterbury researchers have made a breakthrough in treating export logs by heating them using high voltage electricity. Export logs are usually fumigated to rid the timber of pests, such as insects and fungi which could pose a biosecurity threat.
In-market log prices are reduced slightly this month. However demand is still strong as shipping prices have lowered. The in-market log price has lowered 1-2% for the products Agrifax monitors, however the cost of shipping in $/JASm³ has lowered 5-6%. Inventories
Temporary threat for Australian sawn timber producers
The Australian sawn timber industry is experiencing a temporary threat from imports as a result of a strong dollar and a global surplus of timber following the Global Financial Crisis, according to independent economic forecaster and industry analyst, BIS Shrapnel.
The tough market for sawn timber is expected to continue over the next 15 months. Australian producers face increased pressure from imports as a result of the high Australian dollar and a global surplus of timber.