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New Brunswick Timber Export Growth Welcomed by AAA
New Brunswick Timber Export Growth Welcomed by AAA
Alternative investment advocacy organization, AAA (Alternative Asset Analysis), has welcomed news that timber exports out of Canada’s New Brunswick region are set to climb this year.
Boston,
MA,
United States
(pr4links.com)
10/06/2011
Boston, Mass, June 10, 2011 -- Alternative investment advocacy organization, AAA (Alternative Asset Analysis), has welcomed news that timber exports out of Canada’s New Brunswick region are set to climb this year.
Last year, exports of timber saw a major growth spurt, rising by 27 per cent. Now, the chief economist for Export Development Canada (EDC), Peter Hall, claims this growth will rise by a further eight per cent this year and by seven per cent in 2012. This growth was revised by the EDC by 17 per cent.
“This is really great news for the forestry industry in Canada and elsewhere,” stated AAA’s chief analyst Anthony Johnson. He continued, ”Demand for timber in the Far East and in other emerging economies has risen hugely in recent years. Major economic growth and the rising demand for natural materials has led to this – and it’s countries like Canada that benefit.”
And it’s about time too, AAA claims. Canada’s forestry industry suffered hugely as a result of the collapse of the US property market during the economic slump. “The figures speak for themselves,” added Mr Johnson, who has ten years fund management experience in the UK and the US.
The New Brunswick region exported a total of CA$12.6 billion of goods last year, a figure which was up by 27 per cent on the previous year thanks to the region’s timber industry focus.
AAA is keen to promote investment in sustainable forestry projects, such as that offered by Greenwood Management in Brazil. As countries like Canada see timber exports rise, emerging markets who can home in on the increasing international demand can also benefit. “Now is a good time to be investing in forestry in general, as countries like China, India and Japan are set to demand more and more raw materials,” explained Johnson.
He added, “Greenwood’s sustainable plantations in Brazil are both profitable and ethical – as they help prevent deforestation by offering an alternative to using native timbers.”
New Brunswick will be celebrating the positive outlook, which will see business return to it sawmills – many of which looked as if they were heading for closure a few years back. EDC also added that the prices of lumber being exported from Canada are also expected to rise – to US$320 per thousand board feet by next year.
Contact:
Anthony Johnson
Alternative Asset Analysis
71 Commercial St
Boston, MA 02109-1320
617-898-6317
info@alternativeassetanalysis.com
http://www.alternativeassetanalysis.com
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