Coronavirus: Skyrocketing timber prices in China as global supply falls sharply

Coronavirus: Skyrocketing timber prices in China as global supply falls sharply
In the recent period, coronavirus pandemic has reduced logging in many countries, overseas container costs and sea freight prices have risen, and prices for imported wood raw materials in China have risen by more than 30%, industry insiders report.     Due to the impact of the pandemic, some timber-producing countries have reduced log harvesting, and some countries have even suspended log exports. This has led to greater difficulty in exporting logs to China and to a lack of timely timber supply.    80% of China' wood processing industry depends on imports, and a ...

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