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. Last Updated: 07/27/2016

Hardwood Exports Plunge

CHICAGO — Hardwood log exports from Russia plunged 72 percent last year as domestic production dropped and demand from pulp mills in Finland slipped, industry consultant Wood Resources International said Wednesday.

Exports declined to 3.3 million cubic meters from 11.8 million in 2008, Hakan Ekstrom, president of Wood Resources, said in a report. Russia’s timber harvest probably fell about 20 percent, more than the 15 percent drop indicated from official statistics, he said.

(Bloomberg)