Canfor reports third quarter results

Reflecting weak global market conditions and a challenging fibre cost environment in British Columbia, for the third quarter of 2019, Canfor reported an operating loss of $124.0 million compared to an operating loss of $49.7 million reported for the second quarter of 2019. The material decline reflected significantly lower operating…

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Sharp decline in Russia’s exports of logs

In the first seven months of this year, the actual export volume of Russian timber products fell by 0.4% year-on-year, according to data of the Russian Federal Statistics Office (Rosstat) compiled by wood media platform Lesprom Inform. Among them, the export volume of logs was 8.94 million m3, a decrease…

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Ghana urged to invest in reforestation

Ms. Diana Acconcia, the EU Ambassador to Ghana, has encouraged Ghana to be more active in restoring degraded forest and increasing tree cover to contribute to climate change mitigation. Ms. Acconcia was speaking at the European Union Climate Diplomacy Week Ghana 2019 themed ‘Regreening Ghana’. According to Ms. Acconcia, the…

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