One of the largest trade delegations to ever visit Missoula [western Montana] will arrive Friday [March 15, 2013] evening to begin what state leaders hope is a shopping spree in Montana wood products and a new market for Asian buyers. Comprised of Chinese and Korean companies, the delegation spent Thursday in Coeur d’Alene, Idaho, at
After muted gains in the second half in 2012, log prices in the Pacific Northwest are climbing back to pre-recession levels. Forest2Market projects that they will gain additional ground in 1Q2013, the result of the ongoing recovery taking place in both domestic and export markets. “Asian appetite for Northwest forest products strengthened in the second
China’s import of soft-wood lumber from British Columbia is down this year but demand should begin to accelerate by the end of 2013 as the world’s most populated country continues to build millions of homes to accommodate massive urbanization, an industry analyst said Wednesday. B.C. exported 5.4 million cubic meters of softwood lumber during the
Log exports from Washington, Oregon, northern California, and Alaska increased about 9% in the third quarter of 2012, totaling 412 million board feet, according to the U.S. Forest Service’s Pacific Northwest Research Station. At the same time, lumber exports decreased about 8% to 186 million board feet, compared to the second quarter of this year.
China Investment Corp. is close to purchasing a 12.5% stake in some Canadian timber assets from an infrastructure affiliate of Brookfield Asset Management Inc. for about $100 million, according to people with direct knowledge of the matter. The move, the latest effort by the Chinese sovereign-wealth fund to step up its investment in assets that