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Canada Export Projection: EDC
In a sobering message titled “The Great Hesitation”, in the latest release of Export Development Canada’s Global Export Forecast, VP and Chief Economist Peter Hall writes, “Growth remains elusive. […] Performance in the automotive, forestry, agri-food and consumer products industries is expected to continue contributing to overall strength. The outlook pegs no growth this year,…
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Wood Pellet Mill Investment: US
A project seeking to build a wood pellet mill in northeast Vermont has received a US$2.5 million loan guarantee through the US Department of Agriculture’s rural development division. The loan will help convert a former paper mill in Lunenburg, VT, into a wood pellet manufacturing facility. Vermont Pellet Mill Investment The project seeking to build…
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Canada and US Sawmill Capacity: August 2016
This week was released the latest issue of the Western Wood Products Association’s monthly Lumber Track. US softwood lumber production for January to August 2016 was 22,012 MMfbm, a 3.6 percent increase from 21,250 MMfbm in the first eight months of 2015. North American Sawmill Capacity, Lumber Production: August 2016 Canada softwood lumber production for…
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US Southern Pine Exports Up 17% in August 2016
Exports of Southern Pine lumber remained at a lofty level in August, amounting to almost 56.5 MMbf, as the Southern Forest Products Association said in a press release received by Lesprom Network Monday. This volume represents an increase of 17 per cent above the same month last year, contributing to a year-to-date increase of 14…
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Tarriff -Free Canadian Lumber Imports to EU: CETA
Current EU tariffs for forest products range from 2 per cent to 10 per cent; upon Canada/EU bilateral agreement CETA’s entry into force, all Canadian forestry products will enjoy duty-free entry to the EU, according to Lesprom Network Monday. The EU is the world’s third largest importer of forest products – US$46 billion in 2015,…
