After the currency-driven global lumber price slump in 2015, market demand and prices both started to improve in 2016. While overall global demand improved modestly in 2017—at only half the rate of 2016—there have been supply disruptions and changing dynamics that created a wild and unpredictable market that surpassed everyone’s expectations. 

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India Manufacturers Increase Prices By 5%

Plywood manufacturers, under the aegis of Punjab Plywood Manufacturers Association (PPMA), organised a meeting which was presided over by association president Ashok Juneja.

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Russia

Russian softwood lumber exports to China increased by 23 percent year-on-year in the third quarter of 2017 and six percent amongst other export destinations with China accounting 57 percent of total exports.

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According to Transparency Market Research, the global luxury furniture market is set to grow at a CAGR of 5.8 percent from 2017-2022 with wooden luxury furniture likely to sell the most in the coming years.

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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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