• About
  • Forestry Investment
  • World Forestry Update
  • Archives
  • Categories
  • Archive for the ‘Timber Prices and Markets’ Category

    Extra funding for timber transport announced

    2017 - 02.27

    The Scottish government is to put an additional £5 million into funding for timber transport in the country in a move described as “fantastic news” for the forestry sector.

    The extra money for the 2017 Strategic Timber Transport Fund (STTF) will help minimise the impact of timber lorries on the rural road network, as well as those moving timber by sea or rail.

    The investment means the STTF now has a total of £7.85 million to offer as co-funding to support forestry and woodland projects in Scotland.

    Since its launch in 2005, the STTF has supported 136 projects which have reduced the impact of timber lorries taking 29 million tonnes of timber to market.

    Confor, which promotes sustainable forestry and the woodland sector, welcomed the investment.

    “This additional funding is fantastic news. It is a real vote of confidence in Scotland’s £1 billion forestry sector and the 25,000 jobs it supports,” said Stuart Goodall, Confor chief executive.

    “Accessing Scotland’s maturing forestry resource can put pressure on the rural road infrastructure and this additional funding is a vital contribution to bringing more of that to market. This is also very good news for Scotland’s rural communities, supporting local employment and reducing lorry miles on public roads.”

    Announcing the funding as part of the agreed Scottish budget for 2017-18, Scotland’s rural economy secretary Fergus Ewing said: “Forestry is a burgeoning, £1 billion rural industry that is producing around seven million tonnes of timber a year and is expected to increase this to 10 million over the next decade.

    “This will generate significant benefits for our rural economy but we must also do all what we can to mitigate the impact on local communities. This fund seeks to address the impact of increased timber traffic for minor rural roads, many of which need to be improved to deal with heavy vehicles,” he added.

    Scotland’s forestry sector is an important part of the country’s economy. The combined forest industries, including sustainable construction, pulp and paper, woodfuel and biomass and research and innovation, contribute nearly £1 billion to Scotland’s economy each year.

    McDonald’s helping to slow Amazon deforestation, study finds

    2015 - 02.04

    A policy from fast food company McDonald’s has helped to slow deforestation in the Amazon rainforest, according to a new study.

    Research conducted by the University of Wisconsin, Madison, found that the firm’s policy shift in 2006 has cut the rate of deforestation in the region.

    Since McDonald’s and other fast food companies stopped buying birds that have been fed with soy grown in the Amazon, the percentage of Brazilian rainforest that has been logged to raise the crop has dropped.

    The huge demand for soy is one of the top reasons why deforestation is such a global problem in the 21st century, but the 2006 moratorium is due to come to an end in 2016..

    Holly Gibbs, an environmental studies and geography professor and the study’s lead author, stated that 30 per cent of new soy came from deforestation before the moratorium, but after the agreement was reached, this dropped to just one per cent.

    Greenpeace exposed the high rate of deforestation from soy farming in a landmark report and the moratorium was quickly reached after the figures were revealed.

    “Very quickly, within days, unlike government policies which take years to implement, most of the soy industry and government agencies agreed to sign what’s known as the soy moratorium,” said Ms Gibbs.

    Romulo Batista, forests campaigner with Greenpeace Brazil, added that deforestation is not necessary in Brazil to double agricultural production in the country.

    Companies such as Greenwood Management realise how important it is to protect the world’s forests and they are working together to ensure they are preserved and safeguarded against excessive levels of deforestation.

    APEC member economies working to fight forest crime

    2013 - 07.03

    Asia-Pacific Economic Corporation (APEC) member economies are teaming up with the private sector in order to work together on stamping out illegal logging and associated trade – something which companies such as Greenwood Management know is crucial to the protection of global forests.

    Forest management officials discussed plans to boost industry sustainability and to promote trade in legal forest products at an event held last week in Medan, North Sumatra province, Indonesia. Attending the event were representatives from conservation bodies along with business and development organisations.

    Chair of the APEC Experts Group on Illegal Logging and Associated Trade, Professor Dr Abdul Rahman, told Scoop.co.nz: “Trade in forest products is an important source of income and growth within many economies in the region. Illegal timber production and processing, and the consumption of these products, undermine the sector and put the environment at great risk.

    “Keeping legal producers on an even playing field is critical to ensuring the future of the world’s forests and the trade they support. Robust engagement between Governments and the private sector can help to identify lasting, market-based solutions,” Professor Rahman added.

    According to data from the United Nations Food and Agriculture Organization, APEC economies account for more than 50 per cent of the world’s forests, as well as 60 per cent of the worldwide production of forest products and 80 per cent of worldwide trade in those products. Forest product trade value totalled more than $150 billion in 2010.

    Whilst firms such as Greenwood Management are already hard at work encouraging sustainable planting across the globe, more needs to be done to ensure that forests can bring benefits for the future.

    Budi Hermawan from PT Kayu Lapis Indonesia, a certified producer of legal timber, told the publication: “Initiatives that promote legal timber trade, including bans on illegally logged products in consumer markets, are needed by the industry. But the growing web of rules and regulations can be confusing for exporters and importers, and threaten to undermine the potential benefits.”

    In order to develop greater cohesion on the subject of forest protection and sustainability, APEC forest management officials will hold meetings with anti-corruption and transparency experts from across the member economies this week.

    Good new for investors as UK Timber Price Indices show rise

    2011 - 11.24

    The latest Timber Price Indices have been published showing that timber prices are still rising, thanks to growing demand in Asia and Europe.

    The latest figures have been welcomed by timber investors, who are keen to see that predictions of timber prices continuing to increase over the coming months, are grounded in realism.

    The figures showed that coniferous standing sales averaged at £14.77 per cubic metre for the year to the end of September 2011. During September, standing coniferous sales in the UK had increased by 16 per cent on the same month year before.

    In the six-months to September 2011, softwood sawlog prices had increase by an impressive seven per cent, further adding to the reasons for timber investors to crack open the Champagne. Softwood, is, after all, what makes up the vast majority of timber sold in the UK.

    For those looking to put their money in forestry a bit further afield, they can invest in plantations run by Greenwood Management in Brazil. These offer investors the peace of mind that only an ethical investment option can provide, as well as a truly effective way of diversifying their investment portfolios.