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November 20, 2018

Canada: High log prices and low supply drags production curtailments at many lumber companies

  Hundreds of sawmill workers are being laid off in B.C., some of them permanently, despite recent record profits made by B.C. forestry companies, which continue to expand south of the border. The problem is not lumber prices or softwood lumber tariffs – although lumber prices have fallen in recent months – but rather high log prices and low supplies in British Columbia, a result of the Mountain pine beetle, which ate through roughly half of B.C.’s harvestable timber supply.  All major forestry companies in B.C. have announced curtailments at their B.C. sawmill ...

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