NEWS

The House infrastructure bill passed the first week in November quadruples funding for reforestation projects in national forests. In addition, the bill includes a system for subsidizing sawmills near forest rehab sites and helping manufacturers reduce waste and pollution as well as several provisions related to trucking.

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The U.S. government has announced that the final combined anti-dumping and countervailing duty rate for most Canadian softwood producers is 17.9%.

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Global News: Canada disappointed with U.S. final softwood lumber duty rate, says trade minister

In Q3, the average global shipment required 12 additional days to complete, 23% longer than last year. The most significant delays were between booking and arrival to the gate at the port, which took 43% longer, and ocean transit time, which took 36% longer.

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Timberbiz: Global shipment takes 23% longer now

The European Commission has approved permanent import duties on birch plywood from Russia. This action will force Russian producers to pursue other markets.

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Timber Industry News: The European Union has introduced permanent anti-dumping measures against Russian plywood

U.S. veneer exports have grown to 148 million square meters this year, up 30% vs. last year. The value of veneer exports has already reached $235 million, 33% higher than last year.

2021 U.S. log exports are at 1.56 million cubic meters with a value of $634 million, up 24% in volume and 32% in value vs. last year.

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