Timber Update September 2024
Industry Update
- Trading Economics highlights that US lumber prices are recovering as fears of a US recession begin to ease. Expectations of cuts in interest rates in September have boosted the outlook for demand.
- Confor provides an update on the European spruce bark beetle in the UK, stating that due to sub-optimal conditions, the beetle is unable to spread at a rate of concern. Proactive measures are also being taken by Defra, Forestry Comission and Confor to protect UK spruce.
- Timber Development UK (TDUK) reports that the CE Marking will continue to be accepted past 30th June 2025 in Great Britain. The Government decision aims to retain stability in the market, as there is currently insufficient testing and certification to support any changes.
Company News
Our team are attending the Global Market Conference, hosted by TDUK at the beginning of November. This year’s conference focuses on how we can meet the growth in timber requirements. We look forward to hearing from global speakers on crucial topics surrounding this extremely relevant question.
As members, we are also attending the annual dinner afterwards, where we can further catch up with our friends from the industry.
Supplier Profile - TR26 with JGA
We work with JGA, a family-owned sawmill group, that has had a presence in the Swedish forest industry since 1928. The group work with the local community to ensure sustainable practice is always prioritised, while continuing their high-quality output. We are proud to work with JGA to supply trusted construction timber to the UK market.
At JGA we take great pride in producing the best construction graded timber from sustainably sourced logs. Together with Taylor Maxwell we have, over the past couple of years, been able to market our TR26 material to discerning customers in the UK, customers that value the level of quality that we strive for in our production.
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Claes Andersson
CEO, JGA
Fun Fact!
The University of Birmingham are undertaking a giant Free-Air Carbon Dioxide Enrichment (FACE) experiment, which Professor MacKenzie has headed since its inception in 2016.
This experiment will calculate how much more CO2 mature trees are able to absorb compared to young trees, in the hope of increasing protections around our forests. Due to its current success, the experiment has been extended to 2031.
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