By: Danny C. Kelly-Stallings, Marisa N. Bocci, Christopher J. Voss, Michael E. Ruck
*This article was originally published as a K&L Gates Client Alert and is being republished with the permission of K&L Gates.
The U.S. lumber market has seen unprecedented price rises in recent years. Prices could climb even higher as the world responds to the conflict between Russia and Ukraine. Russia is a major exporter of wood in the global market, particularly in China and the European Union. If these countries restrict wood products imports from Russia, or if Russia refuses to export to them, the strain on global supply could drive domestic prices to new heights as Russia-dependent markets look for new sources of wood.
Continue reading “TIMBER BRIEFING: U.S. LUMBER PRICES COULD BE AFFECTED BY SANCTIONS ON RUSSIA”