Weekly Update Newsletter
July 9th/2021
|
|
Market Update
Market updates for this week can be found here.
An update on SNB Board and JD Irving contract discussions can be found here.
|
|
|
|
In The Media
After lumber prices have reached historical levels (~ $1600 mfbm), prices in the month of June drop by 52%, worst month on record since 1978. John Duncanson, Executive VP of Corton Capital Inc. and Timber Analyst on the Corton Global Timber Fund, believes this drop will be short-lived, and expects the prices to be back in the $1000-1200 mfbm range by September, watch interview here.
Current Lumber, Pulp, and Panel prices from NRCAN can be found here.
The Higgs government has quietly increased subsidies to major pulp and paper mills in the province through a renewable energy buy-back program with NB Power, continue reading.
Cost of NB Power subsidies tops $100 million for six pulp and paper mills, continue reading.
|
|
Forest Management
Mike and Debbie Hickey, woodlot owners located in Nawigewauk (outside Hampton NB), have a youtube channel titled "Mike and Debbie Hickey From the Woodlot". The latest video from the channel had a guest from SNB - Neil Damon. Neil and Mike discuss management options for private woodlot owners, watch here.
|
|
|
Stumpage Report
The Forest Products Commission produces an annual report on New Brunswick Private woodlot stumpage values. The latest report prepared by the commission (2020) can be found here.
You will notice that the stumpage report uses averages in $/M3. Most stumpage agreements made between contractors and landowners on private are done in $/gmt, $/cord and/or $/mbf. Stay tuned for next week's update as we will convert these averages to help owners and producers better understand the report.
|
|
|
|
|
|
