Australasia's home for timber news and information

New Forests purchases 63,000ha in US

21 July 2021
New Forests has acquired the 156,000-acre (63,000 ha) Hilt-Siskiyou Forest, a mixed-conifer forest along the California and Oregon border, from the Fruit Growers Supply Company (“FGS”) alongside an institutional investor client. Source: Timberbiz The Hilt-Siskiyou Forest is the latest
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Ikea accused of using illegally logged Russian wood

19 July 2021
Ikea has for years sold children’s furniture made from wood linked to vast illegal logging in protected Russian forests, environmental activists claim. The retail giant is accused of sourcing pine from a group of companies that over the past decade axed 4 million trees in Siberia, sai
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US imports of sawn tropical hardwood rise

19 July 2021
In North America sawn tropical hardwood imports rose by 5% by volume in May. The 9,931 cubic metres imported in May was the highest monthly volume so far this year. The rise was fuelled by a 22% increase in imports from Ecuador, a 29% increase in imports from Malaysia, and a 258% incr
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Increased demand for softwood in Asia and US to affect global trends

19 July 2021
Softwood lumber has been in high demand in the US and Europe throughout 2021. The limited supply resulted in temporary price surges to record high levels during the spring, followed by substantial declines in early summer. The outlook for lumber demand is likely to be strong worldwide
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UK construction hits 24 year high but also hit with shortages

16 July 2021
The recovery in UK construction output gained further momentum during June, according to the latest PMI data. Overall construction activity expanded at the fastest pace since June 1997, supported by another sharp rise in new orders. Source: Timberbiz Suppliers’ delivery times le
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Two new Cat mulchers

16 July 2021
Two new Cat mulchers for tracked and wheeled excavators and forest machines have arrived to deliver reliable operation in tough forestry applications. Source: Timberbiz With their easy-to-maintain design, these mulchers incorporate a number of safety features to protect both workers a
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US lumber prices fall by 60%

16 July 2021
Lumber prices have dropped into negative territory for the year after two months of dramatic falls, as the home improvement boom cools and producers increase supply to meet demand. Source: Business Insider On Monday lumber futures for September delivery fell 5.6% to US$712.90 per thou
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China ban affects log exports but prices paid are still good

16 July 2021
Australia’s average softwood log export price slumped to a reported AUDFob109/m in May 2021, down 16% on the prior month. Exports totalled 158,095m lifting from the prior month, but still 51% lower than exports in May 2020 at the absolute height of the pandemic. Source: IndustryEdge T
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Switzerland contributes to Malaysian forest

14 July 2021
The Swiss Canton of Basel-Stadt (City of Basel) announced a contribution of US$200,000 to the International Tropical Timber Organization’s (ITTO) proposed Upper Baram Forest Area, a conservation and development project in the interior of Sarawak also known as “Baram Peace
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US builders’ barriers to switching from wood framing

14 July 2021
As US builders grapple with record-high lumber prices and supply shortages over the past year, why are so few willing to switch away from traditional wood framing methods? A June 2021 survey for the NAHB/Wells Fargo Housing Market Index (HMI) reveals several reasons, but one stands ou
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