Forest Products Industry
Bitcoin Is Up 53% This Year, But This Cryptocurrency Is Doing Even Better
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Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex
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Billionaire Israel Englander Sold 59% of Millennium's Stake in Palantir and Has Opted to Pile Into a Stock Consumers Absolutely Adore
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These Stocks Are Moving the Most Today: Boeing, Humana, Kenvue, Spirit Airlines, Tesla, and More
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The Lesser-Known Reason Costco Installed New Membership Card Scanners in Stores
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Trump Media Stock Rises. The DJT Rally Is About This and Not the Looming Election.
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Amid Warren Buffett's $132 Billion Warning to Wall Street, He Can't Stop Buying Shares of These 4 Unstoppable Stocks
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Seagate Technology (STX) To Report Earnings Tomorrow: Here Is What To Expect
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Carson Block Says ‘Close Your Eyes and Buy’ US Stocks, Not China
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Bitcoin Flirts With $70,000 After $2.4 Billion Inflow Into ETFs
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Prinoth Raptor and Grizzly
The Prinoth Raptor 300 with the associated Grizzly M650m mulcher has been optimized with a number of improvements to better meet the requirements of the modern working world. Source: Timberbiz New features include: 0 Cab: Inspired by the successful design of the Raptor 500, the new cab offers a spacious and comfortable interior with maximum visibility and safety. Improved driver’s seat: The new Recaro seat offers maximum comfort, even during long working days. New joysticks: The controls have been completely redesigned for ergonomic and intuitive operation. Reinforced forestry protection frame: Reinforced components at both the front and rear provide additional safety. Automatic flap control: The control of the flap is now connected to the push bar to increase comfort and efficiency when working. Improved air filter: A new air filter has been specially developed for tough working conditions to ensure optimum performance. A new push bar has been developed for even more effective mulching performance. Reinforced side walls significantly improve the overall stability of the mulcher. The new flap with counter blades enables more efficient shredding of the material. The revised design simplifies operation and maintenance of the mulcher. The Raptor 300 and its mulcher are now dressed in black.
Categories: Forest Products Industry
Kazakhstan and Finland’s cooperation in forestry
Kazakhstan and Finland have agreed to strengthen their cooperation in forestry, emphasizing innovative approaches to forest management. Source: Azernews This agreement was established during a meeting between Kazakhstan’s Ambassador Azamat Abdraimov and Finland’s Minister of Agriculture and Forestry, Sari Essaya. Ambassador Abdraimov provided a detailed overview of ongoing initiatives in Kazakhstan aimed at advancing its forestry sector. He highlighted projects focused on sustainable forest management and discussed investment opportunities in environmentally significant forestry initiatives and the expansion of forested areas. The ambassador also addressed key topics for future collaboration, including forest regeneration, the creation of new green spaces, legislative enhancements, and strategies to preserve and expand Kazakhstan’s forested regions. Both parties acknowledged that enhancing bilateral cooperation paves the way for new partnerships in forestry, water resource management, and food security. By the end of last year, trade turnover between Kazakhstan and Finland reached approximately US$210 million.
Categories: Forest Products Industry
International Softwood Conference – recovery is sluggish
On the 17-18 October 2024 the 72nd edition of the International Softwood Conference was held at the UNAHOTELS Capo Taormina, Italy. The conference was hosted by the Federlegno Arredo, which co-organized the event with the two usual partners: the European Organization of the Sawmill Industry (EOS) and the European Timber Trade Federation (ETTF). Source: Timberbiz The event drew around 230 people coming from more than 20 countries all over the world and it was opened by a macroeconomic overview provided by Marco Fortis, which showed that many factors, including geopolitical tensions and a slowdown of globalization, are having a negative impact on the global and European economy. Italy is a partial exception to this having done comparatively better than its European neighbours over the last couple of years. During the first day of the conference, information-packed sessions about the market trends were followed with attention by the audience. This year’s conference was marked by its truly global flair with presenters focusing not just on European markets, but on North America, China, Japan, MENA, India, Australia and New Zealand. While there were regional differences, in some cases significant, it is apparent that 2024 has been overall a challenging year for the softwood industry across the world but probably slightly better than expected at the end of 2023. The big question mark for operators in the sector is whether the market has bottomed out and 2025 can really be the year of recovery. After peaking in 2021, softwood production has significantly fallen over the last few years to adjust to the demand decline. If forecasts for 2024 are confirmed, at the end of the year production will be 12%lower than in 2021. Next year production is expected to grow by 2-3%. Morten Bergsten, Vice-President and Softwood Chairman of ETTF, and Herbert Jobst, President of EOS, delivered similar messages in their presentations from their respective vantage points of user and producer. Production in the sector has been curtailed to accommodate weak demand. Sawn softwood prices have sharply declined from the peaks observed during 2021 and 2022. This is mainly due to the downfall of the construction sector. However, there might be light at the end of the tunnel. As it was reported by numerous speakers at the conference interest rates have started falling across the world, which might trigger an upturn in the construction sector, which would be vital for sawmillers and traders alike. If the market does have already bottomed out, the recovery is expected to be sluggish at least in the short-term.
Categories: Forest Products Industry