Mexico received US$392 million, of which US$350 million is a loan from the World Bank and US$42 million from the Forest Investment Program (FIP) for developing woodlands. Source: Fox News Latino
Timber processing and sustainable management of forest resources of the Wallis and Futuna island state is expected to improve following an assistance program facilitated by the Secretariat of the Pacific Community. Source: The Fiji Times
Ikea is facing heavy criticism for the logging and clear-cutting of old-growth forests in the north of Russian Karelia by its wholly owned subsidiary Swedwood. Source: The Guardian
The US SC Forestry Commission has said that a ban by China on imported South Carolina and Virginia grown logs is close to ending now that a small delegation of Chinese authorities has visited the areas. Sources: Traditional BreakBulk, The Times and Democrat
Tripartite talks between the EU Commission, the European Parliament and the Council of Europe concluded by adding a minimum €200 in extra costs to the Finnish forest industry due to the Sulphur Directive. Source: Timberbiz
Architects and designers will be gathering in Singapore from June 14-17 2012 for the American Hardwood Export Council (AHEC) Southeast Asia and Greater China Convention. Source: Timberbiz
Historically, timber acreage has appreciated at a rate that outpaces inflation in the US. This has made many who expect a coming bout of inflation to invest in timber acreage. Lately just like most other commodities and natural resources timber prices have come under pressure. Source:
Timber conglomerate Ta Ann Holdings in Malaysia is expecting its labour cost to drastically increase once the national minimum wage policy is implemented. Source: The Star Online
Greenpeace International has published a report that KFCs chicken buckets and other paper products are denuding Indonesia’s rain forests. Source: The Mail Online
Malaysia’s government plans to allocate RM3 billion to expand the country's forest plantation by up to 375,000ha by 2020 to ensure a sustainable and guaranteed supply of raw materials for wood related industries. Source: The Star Online