Brazilian Plywood Exports Down ~ 40% in October
In October 2019, the Brazilian exports of wood-based products (except pulp and paper) declined almost 27% in value compared to October 2018. Down according to a ITTO report, from $272.5 million to $199.1 million, as ITTO reported. The downturn in October plywood exports was even more severe, dropping almost 40% in value in comparison with October 2018, from $55.7 million to $33.7 million. The volume of exports dropped but only by around 12% indicating a strong downward pressure on prices.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.