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Resolute Forest Products Inc. is reporting a very strong second quarter as net income soared on a near doubling of revenues as prices reached record highs...
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What goes up must come down,” as the saying goes. Particularly when talking about markets. After holding firm for four weeks while most other species’ prices fell, the price of benchmark construction framing dimension softwood lumber item Western Spruce-Pine-Fir KD 2×4 #2&Btr fell a not unexpected -$260, or -27%, to end last week at a still-high U.S. $700 mfbm (net FOB sawmill)...
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The German Development Bank (KFW) is going financially to contribute in the implementation of a sustainable forest management programme to improve competitiveness of the Peruvian forestry sector...
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Exports of veneer and plywood up to April 2013 were US$5.6 million FOB compared to the US$7.2 million in the same period in 2012 representing a 23% drop. The US is the main market for veneer and plywood exports and this market accounted for 62 % of all exports of these products.
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The much awaited forest concession Atlas which identifies forest cover loss due to various practices has been launched by the National Forest Supervisory and Wildlife Resources Service (OSINFOR). This Atlas provides a tool to assess and therefore plan prevention of misuse of the natural forest.
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Expo Amazonica 2013 will be held from 10th to 31st August this year in the city of Iquitos and is expected to generate business worth around US$15 million for businesses in the Amazon region of the country. The purpose of the event is to promote private investment and business development in the Amazon region and wood products feature prominently in the expo.
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Sarawak log exporters are saying that market sentiment is uncertain as some log buyers are waiting to see if the Indonesian authorities decide to allow the export of plantation logs.
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In the first week of June a wide range of stakeholders met to discuss the future of Loreto after reviewing the findings of a study "Sustainable Loreto to 2021" prepared by researcher Marc Dourojeanni.
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Analysts report that demand in the main export markets remains weak but that there are signs of increased buyer interest in Europe and that, after a quiet spell, Indian buyers have become more active.
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Gustavo Suarez de Freitas, a forestry expert has reported that most of the deforestation in the country is the result of a deliberate change in land use from forest to agriculture.
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Jose Dance, general coordinator of the National Forest Inventory Project and Sustainable Forest Management of Peru to the FAO Climate Change office has estimated that annually about 150,000 hectares of forest are destroyed in Peru and that since 1990 a total of 12 million hectares has been deforested...
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Tan Chin Huat, chairman of the Malaysian International Furniture Fair (MIFF) said that exhibitors at last months’ fair reported record orders of RM2.63 billion (approximately US$854 million)...
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The Disney Company has reportedly purchased US$3.5 billion in carbon credits generated by the Alto Mayo Protected Forest (San Martin), home to 23 species of flora and fauna in danger of extinction...
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Erik Fischer, chairman of the Wood and Wood Industry Committee of the exporters association, Adex, has reported that timber exports in 2012 reached US$ 164 million and that this represented a 3% decline on levels one year earlier...
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Preliminary figures for Malaysian timber exports in 2012 suggest they totalled RM 19.9 billion (approximately US$ 6.3 billion) however, the statistics are still being finalised...
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A group of civil society organizations has petitioned the head of the Ministry of Agriculture (Minag), Milton Von Hesse, for a more dynamic reform of the forest and wildlife sectors to, as they say, "give it competitiveness and inclusion "...
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Industries close to welcome Chinese Year of the snake
The timber industry in Malaysia traditionally closes for the Chinese New Year celebrations...
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The Deputy Minister for Foreign Trade, Carlos Posada, recently met with business representatives to discuss the implications for the forestry sector arising from the Forest Trade Promotion Agreement (CPA) concluded with the United States...
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