China sharply reduces imports of Russian logs and boosts imports of lumber

China sharply reduces imports of Russian logs and boosts imports of lumber
    In January-May, log imports to China from Russia declined 26.2% y-o-y to 3.6 million m3 with import value dropped 27.2% to $439.8 million, according to China Customs data.    U.S. log exports to China fell 39.5% to 1.6 million m3, export value decreased 44.6% to $338.4 million. Share of Russia in Chinese log imports slid 4.97 pp to 14.3% and share of U.S dropped 4.16 pp to 6.5%.    Russia continues to increase ...

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