NEWS

Consistent consumer demand for furniture has been an upside of the pandemic for some countries in Asia. The downside is longer lead times: many importers say that they won't be able to ship July orders until the fourth quarter. This is impacting China, Vietnam, Malaysia, India, and Indonesia.

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Vietnam pocketed more than $5 billion from exporting timber and wood products in the first six months of 2020, an increase of nearly 30% vs. one year ago. Vietnam's exports of wood products to the U.S. and Canada grew by 43.1% and 19.5%, respectively.

Resource:

Times of News: Wood exports recover during first half of 2020

A federal rule mandates that private forest operators in Canada offer the right of first refusal to domestic sawmills before the operators can receive export permits. Japan and Canada are now at odds over the rule, as the Canadian government committed to easing restrictions on raw logs in exchange for the elimination of Japanese tariffs on Canadian lumber and plywood.

Resources:

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue XIV: China's Global Investments Plunge | U.S.

Some light COVID-19 humor to lift our moods: