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Six predictions for forestry in 2023

08 February 2023
The global forest industry has experienced some serious changes across the past year. As we saw in our 2022 global forest industry predictions post, lots of volatility and global unrest yielded both expected and unexpected shifts. Source: Pete Stewart Forest2Market What does the road
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Blue Sky Award winners

08 February 2023
The International Council of Forest and Paper Associations (ICFPA) has announced the winners of its 2022-2023 Blue Sky Young Researchers Innovation Awards program, a global initiative that helps recognize and promote young researchers who are driving innovation and advancing positive
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India trade agreement now operative with the devil in the detail

08 February 2023
The Australia-India Economic Cooperation and Trade Agreement (A-IECTA) came into force on 29 December 2022. The agreement was signed in April 2022, just prior to the Federal Election. It is anticipated the agreement will provide tariff savings for Australian exporters of around $2 bil
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AFPA congratulates international Blue Sky Award recipients

08 February 2023
Australia’s forest industries congratulate the winners of the international Blue Sky Young Researchers Innovation Awards, while also commending Australia’s applicant for the competition, Chief Executive Officer of the Australian Forest Products Association (AFPA), Joel Fitzgibbon said
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Australian wooden furniture imports from Asia grow sharply

08 February 2023
Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Vietnam leading the way on US$205.6 million, up 26.4% year-on-year. Source: VietnamPlus Vietnam is followed by Malaysia with US$101.9 million and Indonesia with US$61.7 million. The
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UK pension schemes follow Australia’s lead into forestry investments

06 February 2023
Nest and Cushon, two UK pension schemes with combined assets of more than £26bn, are in a joint search for asset management partners to develop new forestry investment strategies to address climate change pressures. Source: The Financial Times Both pension schemes believe that allocat
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China is now a leader in the scale and growth of its forestry industry

06 February 2023
According to a statement at a recent national conference in China, the output value of China’s national forest industry in 2022 totalled RMB8.04tn (US$1.17tn). The country is now among the world’s leading players in terms of the scale and growth rate of its forestry industry. Source:
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US offers $41M for wood innovations

06 February 2023
The US Department of Agriculture’s Forest Service (USDA) has announced it will offer US$41 million through the 2023 Wood Innovations Grant and 2023 Community Wood Grant programs to spark innovation and create new markets for wood products and renewable wood energy. Source: Timberbiz M
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John Deere works with Microsoft for dealer efficiencies

03 February 2023
John Deere is launching a new dealer business system using Microsoft Dynamics 365. The system will provide a common technology platform for many aspects of a dealer’s business, enabling new opportunities for growth, innovation, and customer insights for dealers. Source: Timberbiz Both
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Investors ramping up corporate disclosure requests on forestry

03 February 2023
A record number of investors are targeting companies to report on key sustainability issues like climate change, forestry and water, with environmental disclosure platforms CDP finding that companies are more likely to disclose information when directly engaged by financial institutio
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