Selangor, Malaysia: The Malaysian Timber Council (MTC) has cut its 2020 timber exports target of RM53 billion—first set in 2009 by the government—down by between 43 percent and 53 percent to RM25 billion to RM30 billion, amid headwinds in the industry, according to The Edge Financial Daily. 

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Ho Chi Minh, Vietnam: According to Vietnam News, speakers at a seminar said that Sweden’s wood materials industry sees Vietnam’s wood processing industry as a potential market for its eco-friendly, competitive and sustainable materials.

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Tokyo, Japan: Japanese companies are paying more for imported tropical plywood products, including those from Malaysia, due to strong demand and falling inventories.

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Yangon, Myanmar: Myanmar Times reported that Myanmar has taken another step to join an EU-led agreement to combat illegal logging and forest management, which will eventually help ease timber exports to the European market.

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Ottawa, Canada: US imports of softwood from Germany have grown tenfold in the first half of the year as punishing duties pushed imports of Canadian softwood down, according to the Globe and Mail. 

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Seattle, US: Sawlog prices in Brazil have gone up over the past 12 months after five years in decline and the expectations are that the recent upward trend will continue for the remainder of the year, reports the Wood Resource Quarterly.

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Ahmedabad, India: According to The Times of India City, after the implementation of Goods and Services Tax (GST) earlier this month, the demand for timber has taken a major hit and estimates by industry players indicate their orders are down by almost half. 

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Kuala Lumpur, Malaysia: Malaysia’s timber and timber product exports rose 6.76 per cent to RM9.75 billion in the first five months of this year compared with the same period a year ago, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said, as reported by BorneoPost.

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Gernsbach, Germany: Over the course of the first quarter, a total of 1.727 million tonnes wood pellets were produced by pellet plants in the US. This represents a 5.4 percent increase vis à vis the comparative period of the preceding year, reports EUWID. 

 

According to figures of the US Energy Information Administration (EIA) at the US Department of Energy, production of wood pellets for the heating market and of industrial pellets developed along contradictory lines. Whereas production of industrial wood pellets increased by 11.5 percent to 1.364 million tonnes in the first three months, production of high quality wood pellets for the heating market decreased by 12.6 percent to 362,590 tonnes.

 

There are also more considerable changes concerning the mix of raw materials used for the first quarter vis à vis the comparative quarter of the preceding year. 

 

Accordingly, producers increased use of roundwood by 29.4 percent to 599,300 tonnes, whereas in contrast the use of sawmilling residue ranges from the sawmill industry decreased by 21 percent to 489,400 tonnes.

 

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Gernsbach, Germany:The US imported a total of 8.456 million cubic metres of softwood lumber from Canada in the first quarter of this year which, according to the figures from the US Department of Agriculture, Foreign Agriculture Service (FAS), equates to a reduction of 16 percent against last year, reported by EUWID.  

 

After imports in January had still been slightly higher than a year earlier at +1.6 percent, the FAS recorded reductions of 30 percent and almost 15 percent respectively for February and March. 

 

Owing to the comparatively high softwood lumber prices on the US market in the first quarter, the value of the Canadian deliveries increased 15 percent to US$1.418 billion; the value per unit rose by a good 36 percent to US$167.7/cubic metre.

 

The FAS also recorded a reduction in US softwood lumber exports for the first quarter. At a total of 782,448 cubic metres, the exports were four percent below the figure for a year earlier. 

 

The main reason for this minus was the 18 percent reduction in exports to Asia to 194,315 cubic metres whereby deliveries to China and Japan both fell sharply by 15 percent and 23 percent respectively to 122,840 cubic metres and 50.961 cubic metres. 

 

Exports to Taiwan also fell 24 percent short of last year’s level. Whilst Asia export decreased, deliveries to customers in South America were raised by 10 percent to 305,657 cubic metres. Roughly six percent more softwood lumber was exported to Canada as well at 180,121 cubic metres (170,613 cubic metres).

 

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