Price for logs imported to Japan expanded 28%.
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All Metsä Forest Eesti AS employees will transfer to the new owner’s service as existing employees.
Exporters expect prices to rise in June.
Price for logs exported from Japan lost 5%.
Imports of logs to European Union contracted 7%.
British Columbia’s chief forester sets a new AAC, changing the previous level set in 2012.
Exports of logs from New Zealand contracted 16%.
Exports of logs from Lithuania decreased 16%.
Finland harvested 4.1 million m3 of roundwood for industrial use, marking a 12% decline from April 2023 and an 11% decrease from the average for the past five years.
Imports of logs to India lost 24%.
Imports of softwood logs to China upped 5%.
Trade volumes in April reflected a 15% decrease in industrial roundwood purchases from the previous year but were still 8% higher than the five-year average.
Despite this growth, the current export volumes remain considerably lower than those seen before the January 1, 2022, Russian restrictions on roundwood exports.
EBITDA was negative $0.5 million for the Q1 2024, compared to EBITDA of negative $3.5 million in the Q4 2023 and negative $6.9 million in the Q1 2023.
Notified areas for felling increase while permit applications for montane forests decrease.
Prices for logs increased by 4%.
Price for logs exported from Brazil expanded 13%.
This level is still 10% below the first-quarter averages recorded from 2019 to 2023.
Koppers Holdings Inc. reported net income for the Q1 2024 of $13.0 million, or $0.59 per diluted share, compared to $25.5 million, or $1.19 per diluted share, in the prior year quarter.
Exports of logs from the U.S. upped 3%.