NEWS

A coronavirus outbreak in southern China has clogged ports critical to global trade. The resulting shipping backlog could take months to clear. Some of the world's busiest ports are located in Guangdong, which has locked down communities, canceled flights, and suspended trade along the coastline in an attempt to bring the spike in COVID-19 cases under control.

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Vietnam's wood products exports are forecast to grow to a record $15-16 billion this year, a 20-28% increase over last year. In the first five months of 2021, Vietnamese wood exports shot up by 61%.

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China's timber manufacturers, at-risk forests in the Solomon Islands, and European importers are the focus of the Environmental Investigation Agency's recent report that claims that consumers of tropical plywood are inadvertently causing forest degradation. According to EIA, European companies appear to have imported thousands of tons of tropical-faced plywood that have a high risk of containing illegal wood, a violation of European law.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIV, Issue XIII: The Far-Reaching Impact Of Russia's Log Export Ban | How China Cashes In On Illegal Pacific Timber | Markets Work: Strong Demand For Wood Sparks New Mills | Forests Are Crucial To Fighting Climate Change

Russia's proposed log export ban on high-value hardwoods and softwoods will have a far-reaching impact on global forest product markets if the law becomes effective, as scheduled, in January 2022. Russian exports account for almost 12% of all globally traded roundwood.

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