Toilet paper prices are on the rise yet again, and the blame can be pinned on an unexpected culprit: the housing market slump.
Toilet paper prices are on the rise yet again, and the blame can be pinned on an unexpected culprit: theThe housing downturn has sparked a crisis in lumber, sending futures tumbling more than 60% in the past 12 months. As a result, sawmills are closing. In Canada, the world’s largest softwood lumber producer, roughly a third of sawmill capacity is now shuttered in British Columbia.
In lumber, the market started plunging after a dizzying spike to a record high in 2021. The turnaround caused producers from West Fraser Timber and Canfor to idle or close operations in British Columbia. That’s a region that produces a premium kind of pulp known for giving high-quality toilet paper a cushy feel. Canada accounts for about half the global production of such fiber, called northern bleached softwood kraft.
Consumers are trying to cope with the higher toilet paper prices by switching to cheaper brands, buying smaller packages or simply cutting back.
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