ForesterBlog.com
News out from the Conference Board of Canada says that the Wood Industry returned to profitability in 2010.
The increase was due to a small boom in Canadian housing, a small increase in demand from the US, and increased exports to China.
Revenues are increasing this year for the first time since 2004. Despite rising costs, the industry is expected to post a profit of $476 million in 2010.
Even better, the Conference Board predicts this trend will continue into next year.
The brightest spot seemed to be Canadian exports to China:
Canadian producers attempts to diversify away from the U.S. market and break into China appear to have paid off, the board says.
"Between 2000 and 2010, Canadian exports to China have increased by 3,300 per cent. In fact, Canada surpassed Russia this year as the biggest exporter of softwood lumber to China," the board said.
Link to full article:
http://ca.finance.yahoo.com/news/Wood-industry-likely-returned-capress-682992586.html?x=0
2 comments:
Forest on private land shouldn't be sold for profit. it isn't right
Interesting post. I think it's okay if the forest industry is thriving, so long as sustainable methods are used.
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