The cost of building is rising at twice the rate that it was before the pandemic, according to a new survey. The Society of Chartered Surveyors in Ireland (SCSI) tender price index figures show prices nationally jumped by 7 per cent in first half of 2021, reported by THE IRISH TIMES.

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According to the Wood Resource Quarterly (WRQ), softwood fiber costs were generally higher worldwide in the 2Q/21 than in the previous quarter despite an increase in the supply of residuals from sawmills in Europe and North America. Practically all regions covered by the WRQ experienced q-o-q prices increases in the range of 1-5 percent. The major exception was British Columbia, where wood chip prices were up by almost 20 percent because of tighter fiber supply and higher NBSK pulp prices. Over the past year, softwood fiber costs have gone up worldwide between 5 percent and 20 percent, except for in the US and Germany, where wood chip prices have fallen substantially.

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At one of the furniture factories in North Carolina, hundreds of craftsmen and craftswomen meticulously sew, trim and staple. It was obvious that much of the work is done by hand. An upholstery trimmer, Robert Shuford, whose works by hands was in high demand as the furniture industry is growing. “I would say it's booming,” he said.

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The price of some imported timber has jumped 23 per cent in just one month, reports the AJ’s sister title Construction News.

The price of imported sawn or planed wood jumped by more than a fifth between June and July, according to the latest data provided by the Department for Business, Energy and Industrial Strategy (BEIS). The material is now more than 64 per cent more expensive than it was in July 2020.

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Adoption of the law on the timber market, allowing the export of unprocessed timber and sawn timber from Ukraine, is forecasted until the end of this year, its entry into force does not pose significant threats to the country’s forest resources and related businesses, Head of the State Forest Resources Agency of Ukraine Yuriy Bolokhovets has said in an exclusive interview with Interfax-Ukraine, according to kyivpost.

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Data released from the German Federal Statistical Office showed that inflation in Germany rose to its highest level in 13 years.

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The Association of Ghana Industries (AGI) Business Barometer Report for the first quarter of 2021 says the pandemic continued to have dire consequences around the globe and Ghana has had its fair share of problems related to the pandemic.

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Following record breaking timber imports into the UK in April 2021, demand remains, according to statistics from the Timber Trade Federation (TTF).

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The European Commission unveiled its new forest strategy recently - including a commitment to plant at least three billion additional trees in the EU over the next decade to boost natural greenhouse gas removals, reported by euobserver.com.

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According to Government of Iceland, it has reported that Iceland aims to achieve carbon neutrality before 2040 and to cut greenhouse gas emissions by 40 percent by 2030 under the Paris Agreement. A Climate Action Plan, updated in 2020, contains 48 actions and is Iceland‘s main policy instrument to reach its goals of cutting emissions and reach carbon neutrality.

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