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Weekly Update Newsletter

December 23rd, 2022

Market Update

Market updates for this week can be found here.

Holiday Hours & Information

The SNB office will be closed today, Friday December 23rd at 12 noon and will remain closed through December 26th - December 30th. Opening again, on Tuesday January 3rd.

All slips that have been received up to today, Friday, December 23rd will be paid by noon today. Cheques must also be picked up before noon today.

Those paid by direct deposit can also pick up their cheques until 10 am, today, Friday, December 23rd. Cheques not picked up, will be direct deposited Thursday, December 29th.

Holiday Mill Hours can be found here.

Please be advised that next week, there will be no "SNB Update" for Friday December 30th.

Merry Christmas from the staff at the SNB Forest Product Marketing Board, and Happy New Year!

Private Woodlot Sustainability Fund

Legislation passed to support private woodlot owners through increased crown royalties starting this summer.

The Private Woodlot Sustainability Act allows the government to make upward adjustments to Crown timber stumpage so that more money can be invested in private woodlots.

Funding will be used to bolster efforts to improve the management of private woodlots, contribute to environmental conservation, recreation as well as quality of life. This will provide woodlot owners with improved services. The funding is intended to also build confidence among private land contractors and expand the long-term supply of fibre for the province’s wood processing facilities.

Click the link here to read the Provincial news release.

Research

Government of Canada Extends Funding for Spruce Budworm Research to Protect Forests in Atlantic Canada. Click the link here to learn more about what's going on.

Technology

B.C. scientists and First Nation create decomposing ‘biofoam’ packaging from wood. Find out how by clicking here.

In The Media

Nova Scotia Power will use more sustainably harvested biomass: Province. Click the link here to read this story.

But, not everyone agrees with N.S. Power. One of Canada’s dirtiest power producers pivots to bet on more ‘absurd’ biomass. Click here to read why.

Operation Hemlock: How an ER physician ended up treating trees. A new Atlantic Voice documentary details the big fight against a tiny bug. Click here to read more about it. Don't have time to read? Listen to the article on a podcast by clicking here.

Feathered friend forgets fear following feeding. Click here to read more on this article.

B.C. timber industry undergoing changes - starting with a new system of 10-year forest landscape plans. Click here to learn more.

Lumber demand drops to as year-end looms: Madison’s. Click here to read the article.

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Our mailing address is:
PO Box 4969, Sussex, NB, E4E 5L1

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