Well, at least someones economy is doing well! The Brazilian economy has grown consistently over recent years and as you may know, they are 100% energy independent – feeling jealous anyone? Given the way our governments manage trade policies and incentives on others exported goods and given the success of Brazil over recent years, the U.S. Government has now finally revoked the duty rebate on these products. What does this mean? It means that the price has gone up by 3.2%!
Supply remains very challenging this logging season. If you are in the market for a new gorgeous Brazilian Hardwood floor, please don’t wait as supplies are difficult and as the old adage goes “It’s a supply and demand thing.”