Russia's membership to the World Trade Organization (WTO) is not expected to reflect in rising timber imports until next spring what it signals is a reduction in high tariffs on timber exports from Russia. Source: UUTISET
Ashrita Furman, a New York based Guinness record holder has built a 50-feet-long tennis racket and claimed it to be the largest in the world. Furman and 20 others built the racket within seven days. Sources: Google News, The Economic Times
Metcash has adjusted earnings guidance after assessing its June capital raising and recent initiatives including taking full ownership of Mitre 10 hardware. The company expected an earnings-per-share (EPS) dilution of between one and three percent in fiscal 2013 compared with underlyi
Construction on new homes has slumped to its lowest level in a decade, prompting fresh calls from Australia's housing industry for governments to do more to support the sector. Residential construction fell 1.9% in the June quarter, in seasonally adjusted terms, to its weakest level s
The timber industry is lobbying the Queensland Government to release more forest for logging. When the State Government privatised Forestry Plantations Queensland, there was a condition that hardwood plantations be established by 2025. Source: ABC Rural
Timber workers rallied at Mount Gambier after walking off the job for 24 hours in the south-east of South Australia. The dispute affected five Carter Holt Harvey sites and involved about 700 employees. Sources: ABC News, The Australian
Indonesia and Papua New Guinea are fearful that the proposed law to stop illegally logged timber from being imported into Australia will have a devastating impact on trade. The Australian government has been criticised for not consulting widely enough on the planned changes. Source: A
Tasmania’s State Government has announced plans to carve up Forestry Tasmania following a report found it is one of the state's biggest budget risks. Resources Minister Bryan Green has announced the state-owned company will be split in two with its non-commercial functions transferred
Finlandʼs sawn goods industry is facing increasingly hard times according to the Confederation of Finnish Industries (EK), this means that another recession is close.
The competitiveness of Finnish sawmills has weakened continuously since the beginning of the year and market sh
Sawlog prices trended downward worldwide in past 12 months with the Global Sawlog Price Index (GSPI) falling 11% from the second quarter of 2011 to the second quarter of 2012, according to the Wood Resource Quarterly. The Index is based on sawlog prices in 20 regions around the world.