Prohibition of log export, price reduction in Russia’s local market may come

Prohibition of log export, price reduction in Russia’s local market may come

Release date: January 10, 2022 source: Network

From January 1, 2022, Russia banned the export of unprocessed logs. The Ministry of industry and trade of the Russian Federation predicts that Russian industry will be able to process all the wood left in the country. The Deputy Minister of the Ministry, Victor yevtuhov, said that export restrictions will enable Russia to process an additional 6 million cubic meters of coniferous wood and reduce its price.

Yeftuhov: “from January 1, the export of unprocessed coniferous wood and precious broad-leaved wood (oak, beech and ash) will only pass through two railway checkpoints—— Люття Checkpoints (bordering Finland) and Хасан Checkpoints (border with North Korea). This will keep up to 6 million cubic meters of coniferous wood in the domestic market and, of course, will also be processed by domestic enterprises, which will increase the number of products in the domestic market and indicate a decline in prices “.

Earlier, Dennis manturov, Minister of industry and trade of the Russian Federation, said that the Russian forest industry was ready for the ban. Over the past 10 years, the export volume of Russian logs has decreased from 49 million cubic meters to 16 million cubic meters, which is 1 / 3 of the original, and the export volume of completely unprocessed wood accounts for 7%. Manturov believes that timber that has not yet been exported can also be used to build wooden houses.

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