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Uruguay Wood Exports Seen Headed for Record on Asia Demand

  • Log prices have soared from a year ago, says Uruguay exporter
  • Agroempresa Forestal revives plans for a timberland fund

Uruguay’s wood exports could hit a record this year with Asian countries buying more wood at higher prices as the global recovery takes hold, according to one of the country’s biggest forestry companies.

Agroempresa Forestal exported about 160,000 cubic meters of Uruguayan pine and eucalyptus logs this year through mid-May, Director Francisco Bonino said in an interview. The company, which manages about $880 million in forestry assets in Uruguay, Chile and Brazil, could ship a similar amount from the country later in the year if Asian demand remains firm, he said.