The Daily Telegraph - Money

AS ECONOMIES BOUNCE BACK

- Sam Benstead

Forget cryptocurr­encies and racy technology stocks, the real party for investors is in the lumber market. Wood prices are up by 350pc over the past year, reaching a high of more than $1,600 (£1,100) per 1,000 board feet earlier this month. Demand for lumber, which is wood processed into beams and used to build homes, particular­ly in America, has soared as economies turn the corner and recover from sharp recessions. Supply shortages could push prices even higher as more coronaviru­s restrictio­ns are eased.

Newspapers in English

Newspapers from United Kingdom