Sawlog prices trended downward worldwide
Softwood sawlog prices continued their slide throughout the world in the 2Q/12, and the Global Sawlog Price Index (GSPI) was down for the fourth consecutive quarter to $82.90 per cubic meter, according to the Wood Resource Quarterly (WRQ).
The Index, which is based on sawlog prices in 20 regions around the world, was down 3.4 percent from the 1Q/12 and 11.5 percent from its 17 year high in the 2Q last year. Log prices were down in practically all regions tracked by WRQ in both the local currencies and in US dollar terms.
The only exceptions were in Western US and British Columbia, two regions that have been benefiting from strong exports of lumber to Asia and higher demand for lumber in the US market the past six months. In US dollar terms, log prices in the 2Q/12 fell the most in Brazil, Japan, the Czech Republic, Sweden and Russia.
Source: Wood Resources International LLC, www.woodprices.com
Copyright 2004-2013 © Innovatek Ltd. All rights reserved.