Some forestry news from Brazilian timber investors. Brazilian pulp and paper maker Suzano is raising the price for Eucalyptus pulp from the beginning of November 2009.
A spokesperson for Suzano stated in the company’s Executive Summary, that global market pulp shipments from producers remained stable in the third quarter of 2009 and were 1.7% and 9.2% higher than in the second and third quarters respectively.
In Europe eucalyptus pulp prices rose from $650/ton to $700/ton. In North America from $700/ton to $730/ton. In Asia, from $640/ton to $660/ton, and in China from $590/ton (net) to $660/ton.In the statement of earnings from Suzano commented.
“The current global demand is a result of the high demand for market pulp in China which, in 3Q ‘09, was 93.4% higher than in the same period of last year (the start of the global financial crisis) . Additionally, there was a recovery in demand in North America and Western Europe in 3Q 2009, in comparison with the two previous quarters.”
Forestry sector clearly showing positive signals for the forestry investment community.
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