Forestry & Timber
European Parliament approves EU-US tariff legislation covering wood products trade The Parliament voted 440-151 to approve the main regulation implementing EU-US trade commitments, eliminating EU tariffs on all U.S. industrial goods — a category that includes sawnwood, panels, pulp and paper. The preferences run through December 31, 2029, unless renewed following a Commission assessment of trade effects. Source: Fordaq
Madison's: North American lumber prices flat in early June as supply stays tight Benchmark Western SPF 2x4 #2&Btr KD held at US$490/mfbm — unchanged week-over-week and month-over-month but 7% above a year ago — with sawmill order files booked into the latter half of June, reducing the likelihood of discounts. Southern Yellow Pine asking prices ran US$10-15 above printed levels on rising freight costs, while lean supply pipelines constrained buyers, particularly for Eastern SPF. Source: Fordaq