The war in Ukraine will tighten lumber markets both short and long term, particularly in Europe but also in China and the US

International

One immediate impact of the war in Ukraine and the sanctions by Western countries has been a dramatic reduction in exports of forest products from Russia, Belarus, and Ukraine. The total exports from these three countries were valued collectively at 17 billion dollars in 2021. In addition to the sanctions, the Russian forest industry will…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

North American lumber prices stay flat
A December rally may arrive, but the first half of 2023 could be rough for stocks
Putting The WOOD ETF On Your Investment Radar (NASDAQ:WOOD)
The near-term outlook will be challenging
Stock market news live updates: Stock futures rise ahead of more Fedspeak