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In China, a breakthrough in building regulations is cited as one of the main drivers behind
a global surge in timber demand.
Timber prices have increased to their highest point since 2007.
American timber markets are now up a massive 60 per cent on last year.
Optimism over the prospects for timber prices has been growing steadily over recent months
following the amendments to Chinese building codes. These now allow Chinese building needs
to be met by modern wood-frame construction techniques for the first time.