B.C. lumber layoffs aim to stop falling wood products prices

Dimension lumber for frame construction is the backbone of B.C.’s forest industry. (Black Press Media)

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The latest reductions in B.C. sawmill output may be enough to stop the slide of lumber prices after they hit record highs last year.

Canfor’s province-wide sawmill shutdowns were announced this week as North American prices for spruce-pine-fir two-by-fours and two-by-sixes slipped below $300 per 1,000 board feet, according to the latest figures from Madison’s Lumber Reporter. A year ago the two-by-four price was above $650, and the downward trend has continued since the beginning of 2019.

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Source: The Abbotsford News

 

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