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The Far-Reaching Impact Of Russia's Log Export Ban

Russia's proposed log export ban on high-value hardwoods and softwoods will have a far-reaching impact on global forest product markets if the law becomes effective, as scheduled, in January 2022. Russian exports account for almost 12% of all globally traded roundwood.

 

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Markets Work: Strong Demand For Wood Sparks New Mills

The home-building and renovation boom could keep wood demand strong for the next ten years, says Weyerhaeuser CEO Devin Stockfish. While he expects years of strong demand, he believes the current price frenzy is not sustainable. This is supported by the recent construction of new sawmills and the expansion of capacity in existing sawmills.

 

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China Cashes In On Illegal Pacific Timber

Illegal timber makes up between 15% to 30% of the global wood trade. China is a major buyer of the world's illegal wood, according to research by environmental NGOs. More than 90% of wood exports from Papua New Guinea, Solomon Islands, Tonga, and Vanuatu are shipped to China.

 

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Wood Quiz: Test Your Knowledge

What hardwood was used in the aft main shaft strut bearings for USS Nautilus (SSN-571), the world's first nuclear-powered submarine?

Hint: It's the same hardwood used to craft Pete Seeger's famous banjo.


Answer: Lignum vitae, known for its unusual combination of strength, toughness, and density.

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DHA eNews - Vietnam's Wood Exports Continue To Soar

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue XII: Vietnam's Wood Exports Continue To Soar | Guitar Industry Struggles With Hidden Environmental Issues | Regulation Is Now $93,870 Of A New Home's Price | Tariffs Double On Canadian Lumber | 22 States End Federal COVID-19 Unemployment Benefits

 

Photo © Quangpraha/123RF.com

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