Despite falling lumber prices, lumber availability might be an ongoing concern. According to a Reuters report, Russia’s ban on forest product exports until the end of 2022 will rattle an already strained North American market as European exports are redirected to meet domestic demand, officials and analysts told the news agency.
Even in recession, lumber demand expected to be high - Business News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Analysts at Council of Forest Industries (COFI) conference said demand for new housing is so strong in the US that demand for Canadian lumber will be high
Lumber prices have plunged, but experts don t expect them to go back to pre-pandemic levels ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctvnews.ca Daily Mail and Mail on Sunday newspapers.