Weaker lumber markets, global sawlog prices fall down
13/12/2011
Slowing lumber markets throughout the world have resulted in declining sawlog prices in many of the major lumber-producing regions in Europe and North America, according to the Wood Resource Quarterly. The biggest price reductions occurred in Japan, Sweden, Poland and Russia.
The Global Conifer Sawlog Price Index (GSPI) declined in the 3Q for the first time since the 1Q/09. With a few exceptions, prices fell in both local currencies and in US dollar terms. The only region that saw any substantial price increase in the 3Q was British Columbia, where prices were up 5-7 percent from the 2Q. This region has benefited from higher lumber exports and production has gone up during 2011.
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