As gas and electricity prices skyrocket, many households in Europe are turning to firewood as an alternative heating source this winter. But the surge in demand and supply cuts from Russia are pushing up prices and causing shortages, threatening to … Continue reading → The post Skyrocketing firewood prices, shortages spread across Europe appeared first on Timber Industry News.
Skyrocketing prices for natural gas have Europeans scrambling for alternative energy sources. In Germany, where households face a 480 euro rise in their gas bills, people are resorting to stockpiling firewood. The fallout from Russia’s invasion of Ukraine has sunk … Continue reading → The post Germans are looking to firewood for energy as gas prices soar appeared first on Timber Industry News.
Between April and June this year, EU27 import value of tropical wood and wood furniture products was, in dollar terms, at the highest quarterly level since at least before the 2007-2008 financial crisis. Imports of US$1.27B during the second quarter … Continue reading → The post Ukraine war creates new opportunities in the EU market for some tropical wood products appeared first on Timber Industry News.
As the Wall Street Journal recently reported, the ongoing war in Ukraine has pinched trade flows of the increasingly valuable supply of industrial wood pellets from Russia, Belarus and Ukraine, which have been used to co-fire power generation plants throughout Western Europe over the last decade. Demand has put upward price pressure on pellets originating in the US South, as the future of fossil energy supplies in Europe remain uncertain.
In July, wood products manufacturing in Russia fell 20.4% y-o-y according to data published by the Russian government statistic agency Rosstat. Since July 10, exports of wood products from Russia and Belarus to the European Union has completely stopped due … Continue reading → The post Sanctions dramatically bring down wood product manufacturing in Russia appeared first on Timber Industry News.