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Insights into the Lumber Market Dynamics
The chapter delves into the world of lumber trading, discussing the current state of the lumber market and its unexpected decline in prices below the break-even point, impacting regions like British Columbia and the US South. The conversation touches on factors affecting lumber prices such as labor costs and inflation, as well as the dynamics of storage and future sales in the market. It also explores the implications of COVID-19 on the lumber industry supply chain, demand, and economic growth.