N.B. lumber company sales during record price surge pass $1B - News Summed Up

N.B. lumber company sales during record price surge pass $1B


New Brunswick lumber companies rode escalating prices to another income record in March — but it's not all good news in the province's forest industry, as discontent over the price being paid for New Brunswick trees that lumber is made from continues to grow. Lumber cut from Crown wood in Alberta this month is raising four times the royalty revenue than lumber cut in New Brunswick. New Brunswick lumber companies themselves have said little during the debate and appear content to let Holland do the talking for them. It has seven sawmills in the province but is not weighing in on the debate over Crown timber royalties. Last week in the Legislature New Brunswick Premier Blaine Higgs called the run-up in lumber prices a "blip in time" not worth responding to yet.


Source: CBC News May 19, 2021 10:08 UTC



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