As wood pellet imports in Japan begin to accelerate, industry professionals offer cautious optimism that an Asian market opportunity for North American producers has arrived.
In July, Japan imported 52,000 tons of wood pellets, eclipsing the previous monthly high of 51, 500 tons set in December 2015. Additionally, monthly volumes in 2016 have been more consistent in contrast to the peaks and valleys that defined 2014 and 2015. As a result, Japan is expected to finish 2016 having imported between 350,000 and 400,000 tons of wood pellets and producers around the world are optimistic that Japan’s wood pellet demand is set to rise steadily to 1 million tons per year within the next handful of years.
Members of Maine’s forest products economy are hailing the certification of Norway spruce as construction lumber – the first new species to be added to the list of approved lumber in about 80 years.The pretty evergreen with its gently sloping boughs was named to the list after five months of testing at the University of Maine. Researchers tested more than 1,300 pieces of lumber milled from Norway spruce grown in Maine, Vermont, New York and Wisconsin. On Oct. 20, the American Lumber Standards Committee approved the inclusion of Norway spruce for home construction and industrial applications.
With the U.S. Lumber Coalition free to file a new trade case against Canadian lumber producers as early as October 13, share prices across the sector are expected to come under pressure.
World governments currently meeting in Johannesburg have strongly backed the introduction of stronger measures to protect commercially traded timber species.
Delegates to the 17th Conference to the Parties to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES CoP17) voted to list the entire Dalbergia genus within Appendix II of the Convention as well as three species of Guibourtia from Central Africa and Pterocarpus erinaceus from West Africa.
The Appendix II listings mean control measures will be put in place to control commercial international trade in the species.