Japan's wholesale prices jumped 9 percent in August from the previous year as commodity costs continued to rise and the yen's rapid decline lifted import costs, Bank of Japan data showed recently.

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According to Vietnam News Agency (VNA), contrary to full orders at the beginning of the year, Vietnamese wood and wooden furniture enterprises are currently facing many difficulties due to the cancellation of orders by customers because of inflation in countries such as the US and the EU and the sharp increase in input material costs.

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Furniture and home furnishings sales rose slightly in July in what was a flat month overall for retail, according to advance monthly estimates from the Department of Commerce.

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Oregon forest products companies have endured a wild stretch over the past two years, with lumber prices quintupling during the pandemic and then fading back to something close to normal, according to oregonlive.com.

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According to Pellet Fuels Institute, wood pellet manufacturers across the country are urging the owners of wood pellet heating appliances to secure their pellet fuel early this year as the global pellet market works to fill a significant supply hole created by the war between Russia and Ukraine.

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In May 2022, the import volume of logs and sawn timber in China was 6.491 million cubic meters, a year-on-year decrease of 0.2 percent; from January to May, the cumulative import volume of logs and sawn timber in my country was 67.689 million cubic meters, a year-on-year decrease of 22.6 percent, according to Global Wood Trade Network. 

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NAHB chief economist Rob Dietz says significant price declines for building materials will require more than the Federal Reserve’s strategy of increasing the Federal Funds Rate.

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In an attempt to increase wood chips production, Latvia’s government agreed on Jun 21, 2022,to pass amendments that permit chopping down trees in young forests,reported from Baltic News Network. 

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According to ITTO, the rain season is ending in Gabon. Producers say the occasional storms are not affecting either production or transportation. The good news on rail transport is that there have not been any derailments for around a month.

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According to The Star, plywood manufacturers are upbeat about strong demand and firmer tropical hardwood plywood prices in the Japanese market this year. Imported tropical hardwood prices have remained depressed in Japan in recent years but this has changed drastically following Russia’s invasion of Ukraine and trade sanctions imposed by Japan and western nations against Moscow.

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