Wood prices plummet to record low – Global wood market in serious crisis
Global lumber prices are falling like a stone. Market experts had not actually expected this new crash. At the beginning of July, lumber prices fell below USD 450 per 1,000 board feet for the first time since June 2020. In early July, global lumber prices fell below the already very low post-pandemic price levels. They are now approaching their recent lows and are 20 to 30% below production costs, said Kyle Little, CEO of Sherwood Lumber, to the US trade magazine fortune.com. Last year and early this year, lumber ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
Thousands of quality articles- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
