News
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Sawlog prices in Estonia, Bank of England cuts interest rates, US-China trade war – forestry industry news
Due to raw material shortages, sawlog prices in Estonia are likely to increase in the second quarter. The Bank of England cuts interest rates from 4.75% to 4.5%, offering relief to UK residents. The ECB has reduced borrowing costs five times since June to support the eurozone economy. Investors forecast at least three more rate cuts this year to boost economic growth.
Read the whole article2025-02-17 -
News of the forest industry in 2025
The beginning of year 2025 is full of challenges and changes in the forest sector. The US has suspended tariffs on Canada and Mexico for 30 days, declining logging in Sweden is raising concerns about sawmill closures, but New Zealand's log market is starting the year with modest growth. In Germany, spruce lumber prices are rising, but demand remains moderately low.
Read the whole article2025-02-06 -
ERA’s Forest Products Outlook for 2025
The US plans to impose tariffs on both allied and competitor nations. This policy will particularly impact export-reliant forestry products such as sawn timber, wood pulp, and wood pellets, potentially redirecting Asian paper imports to Europe and creating market saturation.
Read the whole article2025-01-07 -
New Habitats in Latvia: Biodiversity Protection and EU Requirement Compliance
To address the violation procedure against Latvia for insufficient protection status of EU-significant habitats, particularly grassland habitats – species-rich pastures and hay meadows – Latvia plans to establish 39 new nature reserves and expand 4 existing ones.
Read the whole article2024-12-20 -
Close cooperation between Russia and China: new tariffs change the rules of the game
Significant changes are taking place in the economic relations between Russia and China, affecting both trade and domestic production. Currently, more than 90% of lumber produced in Russia is exported to China, which makes China the main partner in this industry. But changes in tariffs have caused serious problems.
Read the whole article2024-12-12
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