Acting Director General for Sustainable Forest Management at the Ministry of Environment and Forestry, Agus Justianto, said in a statement the sustainable management of forests throughout 2023 achieved several positive results including maintaining the productivity of forest to ensure the sustainability of forestry businesses, according to en.antaranews.com.

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The year 2024 is forecast to remain a challenging year for wood industry, given several issues affecting the sustainability of production and export, according to experts, reported by Vietnam News Agency (VNA).

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According to Global Wood Trade Network, from January to October, Japan imported 2.6 million square metres of sawn softwood, almost 40 percent less than in the previous year's period. 

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Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.6 percent below the revised September rate of 719,000 but 17.7 percent above the October 2022 estimate of 577,000. 

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According to Global Wood Trade Network, the price of wood pellets fell for a long time. Now the price is rising in Germany.

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According to Global Wood Trade Network, from January to August this year, the export of wood from Germany to China decreased by 25.7 percent year-on-year, totaling 3.349 million m3. The value decreased by 41.8 percent year-on-year, totaling 3.92 billion yuan. The number of logs decreased by 33 percent year-on-year, totaling 2.74 million m3. The number of sawn timber increased by 53.8 percent year-on-year, totaling 600000 m3.

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According to iwfatlanta.com, the worldwide market for mass timber buildings and structures continues to expand and many are rising in Japan, often combining modern construction techniques with traditional Japanese joinery. The latest is the Obayashi Port Plus building in Yokohama, the port city that serves Tokyo.

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According to the October 2023 edition of the Global Timber Index (GTI) Report, China’s timber industry saw an increase in orders and production in October. The GTI Report tracks the timber sector in seven pilot countries around the world.

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Responding to the latest CPI inflation figures, which show headline inflation remaining at 6.7% and food inflation falling to 12.1%, with prices falling -0.2% on the previous month, Helen Dickinson, chief executive of the British Retail Consortium (BRC), comments: “While headline inflation remained at 6.7%, inflation rates in retail, such as food, furniture and clothing, all eased, according to Global Wood Trade Network.

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Indonesia has prepared a funding strategy for reducing carbon emissions from the forestry sector and land use in general through a carbon exchanges, reported from Kompas.

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