Interfor curtails lumber production in Q1 2023

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Interfor has announced plans to reduce its lumber production output in Q1 2023 by at least 100 million board feet, or 8% of quarterly capacity, as economic conditions and market uncertainty continue to impact lumber demand.

This temporary reduction in output is expected to be mostly concentrated outside of Interfor’s US South operating region.

The company currently expects to resume its normal operating schedule in April 2023, but will closely monitor market conditions and adjust its production plans accordingly.

In an earlier statement by Interfor in November 2022, North American lumber markets over the near term are expected to be volatile as the economy continues to adjust to inflationary pressures, higher interest rates, supply chain constraints, labour shortages and geo-political uncertainty.