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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Timber wall systems will need to pass a large-scale fire safety test before they can be used on medium-rise residential blocks in England under building regulations being introduced by the UK government.

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According to agrarheute, higher prices for gas, fuel oil, electricity and also for diesel and freight are also reflected in the prices of firewood. Wood pellets have become significantly more expensive recently. 

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According to new data from Statistics Canada, new home prices showed signs of cooling in April. The national statistical agency reported that new home prices rose 0.3 percent in April, which is down from an average of 1.1 percent for the three previous months.

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According to the report from Market Insider in May, lumber futures fell as much as 6 percent to below $700 per thousand board feet, its lowest level since November 2021. Quoting data from Finviz, a stock screener for traders, the Insider said that weakness in lumber can be attributed to a sharp rise in mortgage rates, which remain above 5 percent and have led to a slowdown in demand for homes from buyers. 

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According to The Star, Bursa Malaysia-listed companies producing panel boards are expected to enjoy strong profits in 2022 on the back of an upcycle in the wood manufacturing sector.

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According to yle, Russia's invasion of Ukraine has already impacted access to supplies of some key building materials, while higher energy prices are also boosting overall costs.

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According to CNN style, Switzerland is set to become home to the world's tallest timber residential building.

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According to Global Wood Trade Network, the 2021 trade figures highlight the extent to which recent tragic events in Ukraine will impact on future wood supply in the EU. In 2021, the EU27 imported wood and wooden furniture with a total value of US$6.71 billion from Russia, Belarus and Ukraine, nearly one third of total import value of these products.

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