RTG: No shortage of lumber
Wednesday 9 Jun 2021"There is never shortage of lumber, there is just shortage of lumber at cheap prices" - Russ Taylor, President of British Columbia based Russ Taylor Global, says that “high prices cure high prices.” High lumber prices will eventually reduce demand and increase supply – high prices scare people away. He is confident the prices for lumber will start to settle down, but at higher levels than we have ever seen before.
There will be a new “base level” price to result over time. Supply and demand will always balance, but we just do not have the trees anymore in North America to allow for more sawmill construction except in the U.S. South, he notes in an exclusive interview for Lesprom Network.
Source: Russ Taylor Global
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