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Posted on 13/04/07

Supply crisis on wood industry horizon

VANCOUVER -- A trio of market shocks is set to tip the perception of global wood supply from one of abundance to relative scarcity, a forestry industry conference was told yesterday.CIBC World Markets analyst Don Roberts told the Council of Forest Industries convention in Prince George that the shocks are British Columbia's mountain pine beetle infestation, bio-energy demand for wood fibre, and Russia's new export tax on raw logs.

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