News & Events

Rising materials' costs are pushing pallet prices up, said Timcon report

In a report published early this month, the Timber Packaging & Pallet Confederation (TIMCON) shows how rising costs of materials like nails and wood are prompting price increases for pallets and packaging.

The general secretary of Timcon Stuart Hex commented: “The cost of imported raw materials for pallets and packaging is rising. As there is no nail manufacturing in the UK, members source these products from Europe, and following the Brexit vote the fall in the value of the pound has had an impact."

Mr Hex added: “There has been similar inflation on imported timber – notably in quarter three – while the price of home-grown timber is also rising in line with the market for timber for competing products.”


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WRA urges DEFRA to increase targets for wood packaging recycling

The Wood Recyclers’ Association (WRA) is urging DEFRA to increase targets for the recycling of wood packaging as part of its revisions for the UK’s packaging recycling business targets.

In response to DEFRA’s consultation, which sought views on new packaging recycling and recovery business targets for 2018-20 for a number of material streams, the WRA highlighted the fact that the generation of wood PRNs (packaging recovery notes) in the UK is significantly higher than the current recycling target of 22%. The outcome of this is that a large proportion of wood PRNs therefore go towards general recycling targets.

Furthermore, WRA stated that a number of wood reprocessors are no longer operating under the PRN scheme because the prices are so low, so their wood packaging recycling is not be officially recorded through the formal database.

According to Julia Turner, Executive Director of the WRA, "the industry is already recycling more packaging than is being officially recorded by DEFRA, therefore higher targets should be set following the Resource Association’s view."

“Increasing targets would increase the overall wood packaging recycling and would mean a higher proportion of existing wood PRNs would go towards the increased material specific target, rather than towards general recycling", added Ms Turner.

“We welcome the option presented by DEFRA to increase the targets on a sliding scale over the three year period.”


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TTF Annual Dinner to take place on 8th March 2017

The traditional Annual Dinner organised by the Timber Trade Federation (TTF) will take place on the 8th of March 2017 at the Shakespeare’s Globe Theatre in London.

"The UK is one of the largest destination markets for timber and timber products from across the world", underlined the TTF. "As such, the TTF Annual dinner acts as a leading business networking event for the global timber supply chain."

This year the dinner forms a centre piece between two TTF business seminar events: The International Softwood Shippers Breakfast, on the morning of March 8th; and “Developing the Hardwood Market in the UK” on the 9th.

Each of these events provides an excellent opportunity to hear presentations from leading market players about pressures on supply chains, changing sources of production, the changing nature of the UK timber product portfolio, and how prices and markets are affected by demand in other parts of the globe.

This year, of course, the impact of Brexit is likely to be a dominant theme. Attendees will hear from international producers, UK importer and distributors, as well as merchants, housing, joinery and interior design companies about key drivers for growth in the UK timber sector over the coming years.

Further information is available here.

View other events on CTI Calendar.


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Global hardwood pulpwood prices on the rise in Q3 2016

The latest Global Timber and Wood Products Market bulletin released by Wood Resources International show a general increase of hardwood pulpwood prices in Brazil, Indonesia, Australia and Chile in Q3 2016. On the contrary, in the same period, softwood chip and pulplog prices fell in much of European and North American countries.

In details, the Hardwood Wood Fiber Price Index (HFPI) has rebounded by 5.6% from the 1Q/16 when it reached an 11-year low. The biggest price increases this year have been in Brazil, Indonesia, Australia and Chile where prices have gone up despite the strengthening of the local currencies. However, hardwood fiber prices have not gone up in all markets this year. Hardwood pulplog prices were lower throughout Europe, Eastern Canada and the US South.
Except for Russian pulpmills, which have by far the lowest hardwood fiber costs in the world, hardwood pulp-producing regions throughout North America, Europe and Latin America currently have wood costs ranging in a fairly narrow range between US$75/odmt to US$100/odmt. Five years ago, when the HFPI reached its all-time-high, this range was substantially wider at US$75/odmt to US$175/odmt.
Softwood chip and pulplog prices fell in the local currencies in much of Europe and North America which, together with a stronger US dollar against the Canadian dollar and the Euro, resulted in a decline of the Softwood Wood Fiber Price Index (SFPI) in the 3Q/16.

The SFPI is currently close to the lowest level in over ten years. During the past 12 months, softwood fiber costs in US dollar terms have fallen the most in the US Northwest, British Columbia, France, Norway and Germany, while they have gone up the most in Brazil, New Zealand and Japan.


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