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The wildfires in the B.C. Interior that have forced some sawmills to
halt operations have resulted in a boost in lumber prices at a time
when forestry companies have been squeezed by softwood
duties on exports to the U.S.
The benchmark price of Western spruce-pine-fir lumber rose 7.12
per cent to US$406 per thousand board feet from US$379.
In the case of mills staying shut for months or even sustaining
damage, its estimated prices could rise between 15 and 17 per
cent.
Wood prices can rise as high as 6 per cent if operations remain
shut for weeks but the higher cost, a small part of construction
budgets, will be absorbed by builders and is unlikely to affect
home buyers,
The fires are set to tighten the supply of wood products and
raise prices as they disrupt timber operations during the years
peak building season.
GOVERNMENT ACTION ON THE LUMBER
AGREEMENT AND THE BC WILDFIRE SEEKING A
LONG-TERM IMPACT
https://www.canada.ca/en/natural-resources-
canada/news/2017
https://www.bloomberg.com/canada
https://wall-street.com/all-news/
https://www.economist.com/news/americas/21721
416-attacks-dairy-farmers-and-loggers-are-opening-
shots-bigger-confrontation-over
www.bbc.ca
www.cnbc.com
Thank you