The sharp increases in timber prices worldwide since the middle of 2020 do not reflect any long-term shortfall in the supply of wood. Rather the trend is due to the combined effects of a spike in demand driven by economic stimulus measures at a time when supplies have been severely disrupted during the pandemic. This is argued by Professor Gert-Jan Nabuurs, Bas Lerink and Mart-Jan Schelhaas from Wageningen University in an European Forest Institute (EFI) post. The authors argue that in Europe the supply imbalance ...
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