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Wqlnut Consumption Slips

The consumption of U.S.-grown black walnut veneer logs, which reached 37.9 million board feet in both 1963 and 1968, continued to decline in 1971, the U.S. Department of Commerce announces.

Total consumptiondomestic and exportlast year was 23.1 million board feet, 17.5 percent under the 28 million reported in 1970 and 39 percent under the 1963 and 1968 levels, the Department's Bureau of Domestic Commerce (BDC) reported in its 197I survey. Meanwhile, the average dollar value per thousand board feet continued to rise. The average was $I,167 in l97ls compared to $1,142 in 1970 and $1,015 in 1968.

Most of the decline in I97I consumption was in exports, which totaled 12.9 million board feet, cornpared to I7.2 million in the previous year. Domestic veneer log consumption declined from 10.8 million board feet in 1970 to 10.2 million last year.

Record Yeqr for Plywood

The American Plywood Assn. has updated its plywood industry production forecast fior 1972, influenced by continued high demand in home building and other markets.

"It now seems likely that the softwood plywood industry will produce between 18.0 and 18.3 billion sq. ft. in calend,ar 1972," said APA exec. vp. Bronson J. Lewis.

Lewis noted their earlier predication of a record 17.5 billion foot production year in 1972. "We now estimate the housing starts total at 2,249,900 for the year, against an earlier estimate of 2.2 million." he added.

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