The Malaysian Timber Industry Board (MTIB) will launch a design roadmap for the furniture industry as it looks to promote exports of higher value added products as opposed to mainly primary timber products. Source: Sun2Surf
A resurgence in US housing construction is still expected to boost lumber prices, but perhaps not as high as had been expected this year. Source: CTV News (Canada)
A report by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has found the total size of WA's timber plantations in WA diminished by nearly 2% in one year. Source: ABC News
Registration of the Illegal Logging Prohibition Regulation Amendment 2013 is complete however, there is a long lead time before their commencement in November 2014. Source: Timberbiz
Australia's forestry industry is looking a little greener. The Australian Bureau of Agricultural and Resource Economics has forecast that by 2050, Australia's consumption of wood products will increase by 50%. Source: ABC Rural
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