Canadian lumber producers say time is ripe for softwood talks with Biden administration

Lumber producers say there may be a window for a negotiated agreement to be reached at the March 23-24 summit in Ottawa between Trudeau and Biden

, Tolko Industries Ltd. and J.D. Irving Ltd. participated in the virtual round table with Ms. Ng.

“Persistent winter weather in key consuming regions, rising mortgage rates and continued bearish signals from the Federal Reserve weighed on trading in many species and markets,” Random Lengths said in its latest newsletter. The impetus to start softwood talks is understandable from the Canadian perspective, given the cost pressures at sawmills in Canada, he said.

He said it’s hard to predict when the Biden administration might eventually agree to sit down to discuss softwood with Canadian government officials. When lumber prices were at lofty levels in the spring of 2021, there still wasn’t enough political pressure within the U.S. to take steps toward resolving the trade fight.

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