News

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  Latvia's Forest Sector Exports in 2024: Growth in Key Product Segments

  According to the data published by the Ministry of Agriculture, in the first nine months of 2024, the export of Latvian forest industry products has shown a significant increase in several categories.

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  2024-12-05
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  Trump's tariffs for Canada and Mexico: Timber prices and trade on the brink of crisis

  Donald Trump has announced that on his first day in office, January 20, 2025, he will sign an order imposing new tariffs. A 25% tariff will be applied to all goods from Canada and Mexico, as well as a 10% tariff on goods from China. This means that the prices of imported timber will rise significantly.

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  2024-11-28
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  Planned tariffs by U.S. President Donald Trump: Impact on the timber market and international trade

  The newly elected U.S. president, Donald Trump, plans to impose 60% tariffs on all goods imported from China and 10% tariffs on goods from other countries. Trump's tariffs could create serious problems for the global timber market, as they would significantly affect the prices of roundwood in international markets. The U.S. and China’s timber markets are closely linked.

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  2024-11-25
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  The European Union is fighting against the unfair import of timber from China.

  The European Union (EU) has launched an investigation in the fall of 2024 into the import of hardwood plywood from China. This investigation was requested by nine European plywood manufacturers who claim that China is selling this product in Europe at unfairly low prices.

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  2024-11-22
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  2024 June timber market price overview

  In the first half of 2024, Latvia's timber market has experienced several significant trends and changes in wood prices, reflecting both seasonal and economic factors. Summer is the construction season, typically influencing the prices of softwood sawlogs, which tend to rise during this period. The recent decrease in interest rates after a significant pause also potentially signals a positive increase in softwood sawlog prices.

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  2024-06-13