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Issue date: 
Sept. 3, 2010

Western timber, log markets on shakey ground as housing starts remain slow

BEDFORD, MA, Sept. 3, 2010 (RISI) - The first half of 2010 saw western timber markets begin to recover after hitting historical lows in mid 2009.

Issue date: 
July 2010

China removes tariffs on wood products from LDCs

According to the office of Customs Tariff Commission of the State Council, China had decided to remove tariffs on 4,762 commodities imported from 33 of the world’s Least Developed Countries (LDCs). Commodities with zero tariffs include wood products. The zero tariff treatment came into effect on 1 July 2010.

The countries involved are 26 African countries and 7 other countries, including Ethiopia, Benin, Burundi, Equatorial Guinea, Maldives, Nepal and Bangladesh.

Issue date: 
Aug. 16, 2010

Real Wood Floors: Going Green Can Be a Work of Art

ST. LOUIS, Mo., Aug. 16 /PRNewswire-USNewswire/ -- There is no doubt that solid strip oak floors are still the overwhelming preference for most homeowners in the United States, and the reason is clear. Wood floors offer the most environmentally friendly flooring option available on the market. But wood floors are much more than just another green product; they also can be beautiful works of art.

Issue date: 

Growth in timber exports from Brazil

Recent data on the Brazilian timber industry reveals that exports of timber products from the country (excluding pulp and paper) were at US$206 million in June, up a healthy 19 per cent on the previous year.

During the same period, exports of tropical sawnwood fell in both volume and value terms, however, to 38,500 cu.m and US$17.9 million, a decrease of 4.7 per cent in volume and 3.8 per cent in value terms on 2009.

Issue date: 
Jul. 09, 2010

For mill towns, China beckons

Pine trunks rumble down conveyors and sawdust clouds the air. The noise inside the sawmill nearly deafens, but in this remote town of 3,500 people, some 700 kilometres north of Vancouver, there are few sounds as welcome as the buzz and clatter of a mill back at work.

Issue date: 

NZ spinoffs in China pine deal

A Wellington company's joint venture deal to process pine timber in China will funnel extra investment back into New Zealand sawmills, a director says.

Issue date: 

Govt to remove tax on log products: forestry minister

Forestry Ministry Zulkifli Hasan said the Finance Ministry had agreed to proposals to remove value-added tax (VAT) imposed on log products.

He claimed former finance minister Sri Mulyani Indrawati had signed a proposal to cancel the tax when she was in the office.

“[Mulyani] agreed to cancel VAT for log products. The regulation will take effect this month. This is good as it will not burden industries because raw materials were not supposed to be taxed,” he said Sunday.

Issue date: 

Major American pension fund puts confidence in timber

Confidence in timber investment funds has been heightened after a major American state pension fund decided to put $500 million into timber.

Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has decided to make the investment just three years after selling a $700 million section of its timber portfolio.

Senior timber investment officer at Mass PRIM, Tim Schlitzer, said it was a perfect time to reinvest in the long-term benefits that timber can provide.

Issue date: 

North American lumber stock prices holding up

May has been a difficult month for lumber prices in North America, with values dipping to the point that gains made earlier this year were effectively cancelled out. However, it is not all bad news as the stocks of leading players are holding up well.

Issue date: 

Canfor sees future in lumber shipments to China

The deep economic downturn that cut U.S. demand for Canadian lumber significantly for several years has had an upside for Canfor Corp., which turned its focus to Asia and discovered "exponential growth" during the first quarter.


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by Dr. Radut