Estonia: Forest products industry faces downturn as global economy slows and calamities advance in Central Europe

Estonia: Forest products industry faces downturn as global economy slows and calamities advance in Central Europe
Timber prices in Estonia have started to rapidly falling, from their spring-time high.    The situation is described by industry insiders as serious and likely to impact the entire forestry sector. A cooling of the global economy and widespread damage caused by the bark beetle in Central Europe are impacting the Estonian forest industry.    Martin Arula, CEO of Toftan, one of the largest sawmills in the Baltic States and based in Võru County, said the current situation on the timber market was comparable with the crash in prices that happened 2007 ...

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