Lumber prices surged to June highs as Canada’s largest forestry company curbed shipments due to supply chain disruptions after severe flooding in British Columbia .
West Fraser Timber Co. Ltd. said weekly lumber shipments from Canada’s westernmost province fell approximately 25%-30% in the second half of November following floods. Pulp shipments to the port of Vancouver were down 20%. “While West Fraser is utilizing alternative transportation routes and methods to the extent they are available to continue servicing customers, the magnitude and duration of the impact from current weather events remains uncertain.
Therefore, West Fraser has reduced operating schedules […]
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