The softwood sawmilling sector in Eastern Canada will play an increasingly important role as a key supplier to the growing US lumber market in the future, according to a new study. The increasing lumber consumption in the US will also likely result in increased investments in production capacity in the US, changes in Canadian lumber trade flows, a rise in overseas supply, and upward pressure on sawlog prices. Consumption of softwood lumber in the US is forecasted to increase over the next decade and reach an all-time high by 2030. Canada ...
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