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Article: U.S.-Canada lumber deal protects prices, mills: TRADE:The deal calls for tariffs on Canadian lumber when U.S. prices fall.
- Article from:
- Duluth News-Tribune (Duluth, MN)
- Article date:
- July 13, 2006
CopyrightCOPYRIGHT 2006 Duluth News-Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jane Brissett
Jul. 13--If the softwood lumber agreement initialed by the U.S. and Canada two weeks ago were in effect today, as prices have been trending downward, the American lumber industry would be protected by export taxes.
Framing lumber wholesale prices have fallen from about $400 per 1,000 board feet in September 2005 to the low $300s today, according to a composite price calculated by Random Lengths, a newsletter for the wood products industry.
The softwood lumber agreement, which was initialed on July 1 and is expected to be formally signed in August, provides for unrestricted trade when prices are higher than $355 per 1,000 ...