2008-11-27

MPBs continue to bug forestry industry

Soft markets and voracious pine beetles are taking a big bite out of Alberta's forestry sector.

The Alberta Forest Products Association says the value of shipped lumber, panel board and pulp and paper is down by nearly 270 million dollars for the first three quarters of this year, compared to the same period last year.

The association says companies are bracing for even lower demand and lower prices next year.