In the end of January the Council of Ministers of the Belarusian government made a decision to extend the regulations for exporting Belarusian logs to countries outside the Eurasian Economic Union, which expired on 31 December.
The comparatively weak business activity in softwood timber imports in the USA in the third quarter of 2017 (18% decline), did not continue in the last quarter of the year.
All the markets have been increasing their demand in softwood timber as the world consumption of has dramatically increased.
A considerable expansion in the value of sawn wood imports was shown in data from China’s Customs in the first half of 2017. The total amount of China’s sawn wood imports reached 18.12 million cubic meters valued $4.75 billion, annual increase of 16% in volume and 24% in value.
The vessel that is owned by Westwood Group OU, carrying timber departed for the port Lanshan, China, from the general cargo terminal of Estonia’s Transiidikeskus AS at the beginning of November.
Recently U.S. Department of Commerce has released a statement, which said that all the efforts to reach the agreement with Canada failed.
Nowadays when wood is considered to be the oldest building material, wooden buildings in the USA could rarely reach the height of 4 floors. Due to the innovations in the wooden products manufacturing, it could recently change.
As far as the U.S. Commerce Department is going to reveal anti-dumping duties on imports from Canada, another pack of complications could appear for the softwood lumber producers.
When the U.S. Department of Commerce adds another 6,87% in preliminary average anti-dumping tariffs, softwood lumber industry on Canada will face average duties of about 27%.
The EU Commission is bringing legal action against Poland in the Court of Justice of the European Union (CJEU) because of the timber harvesting activities in the Bialowieza National Park. The Commission will also be asking the Court to stop logging immediately with the help of a writ of injunction.