Alberta lauds forestry sector after high demand for wood products

DCN-JOC News Services

EDMONTON — Record high wood product demand is helping pave the way for economic recovery, government officials in Alberta stated recently.

According to the province, Alberta is now seeing record-breaking solid wood prices at $1,288 per thousand board feet for western spruce-pine-fir despite the COVID-19 crisis initially reducing demand for pulp and paper products this year.

Officials noted that prices for lumber, oriented strand board and plywood have also seen a significant recovery from April lows, with benchmark prices increasing between 125 per cent and 215 per cent.