Hedging Raw Materials Can Backfire!
Operations and Supply Chain Management
NOVEMBER 24, 2023
Enviva said in a securities filing that a wager made during last year’s fourth quarter has left it on the hook to pay $296.3 million this year for 800,000 metric tons of wood pellets that will only fetch $156.9 PHOTO: ETHAN HYMAN/TNS/ZUMA PRESS Wood pellets are cylinders of compressed wood about the width of a piece of chalk.
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