, sending futures tumbling more than 60 per cent in the past 12 months. As a result, sawmills are closing up shop. In Canada, the world’s largest softwood lumber producer, roughly a third of sawmill capacity is now shuttered in British Columbia.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The saga of toilet paper shows just how difficult it is for global supply chains to bounce back from the snarls that have tormented commodity markets over the past few years. Increased volatility, pandemic-induced logistical woes and Russia’s invasion of Ukraine have caused wild price swings and some shortages across raw materials. That underscores why supply-drivenIn lumber, the market started plunging after a dizzying spike to a record high in 2021.
Brazilian pulp company Klabin SA on Thursday confirmed that producers of softwood pulp around the globe have increased prices by US$30 per metric ton amid the tighter market. That would imply a gain to US$970 per ton from US$940.
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