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Timber prices soar on China’s increased wood demand

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China’s hunger for wood raw-material has pushed timber prices upward, increasing the importation of logs and wood chips to record levels in 2010, reports the Wood Resource Quarterly.

The forest industry in China is continuing its expansion, and with limited domestic timber resources, importation of logs and wood chips are at an all-time high, especially as tight supply of domestic logs has increased local log prices to new highs in the ...

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