Lum­ber prices see ‘big jump’ af­ter wild­fires

The Guardian (Charlottetown) - - BUSINESS -

VAN­COU­VER — The wild­fires in the B.C. In­te­rior that have forced some sawmills to halt op­er­a­tions have re­sulted in a boost in lum­ber prices at a time when forestry com­pa­nies have been squeezed by soft­wood du­ties on ex­ports to the U.S.

By Wed­nes­day, the bench­mark price of Western spruce-pine­fir lum­ber had risen by 5.5 per cent to US$400 per thou­sand board feet from US$379 last Fri­day, ac­cord­ing to fig­ures from Ran­dom Lengths, which tracks lum­ber and panel prices. As early as Sun­day, sev­eral com­pa­nies tem­po­rar­ily closed some of their mills as evac­u­a­tion or­ders, dis­placed em­ploy­ees, road clo­sures and other fac­tors made op­er­a­tions im­pos­si­ble or dif­fi­cult.

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