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May 11, 2022

Japan’s lumber industry under pressure due to ban on Russian wood

  The global lumber industry has been through a tumultuous period over the past year or so due to wood shortages that have in turn led to skyrocketing lumber prices.  The Russia-Ukraine war has now posed a fresh challenge to the industry, as the world economy will likely have to make do without Russia, a major exporter of wood products, for some time.  In March, Russia halted the export of three wood items — wood chips, logs and veneer sheets — to Japan after it was added to Moscow’s list of “unfriendly” countries. The Japanese ...

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