World saw log prices at lowest in two years

The Global Saw Log Price Index has dropped for the fifth consecutive quarter, down to $81.94 per cubic meter.

Wood Resources International LLC recently released its quarterly analysis of global sawlog and pulpwood prices.

After reaching a 16-year high in 2011, the index has dropped to its lowest point since 2010.

The Softwood Wood Fiber Price Index has also dropped for five quarters straight. At $100.05 per oven-dry metric ton is down 8.7 percent from early 2010. The U.S. Pacific Northwest, Germany and Russia experienced the largest price declines.

In contrast hardwood fiber prices rose by over a $1.50 to $106.44 per oven-dry metric ton.

Lumber imports to China and Japan dipped in the third quarter of 2012. Japanese imports dropped 8.1 percent since last quarter.

A 35 percent increase in housing starts in the U.S. helped result in an increase in Canada and U.S. lumber production during the third quarter.

Southern timber producing states in the U.S. have nearly doubled exports of wood pellet biomass to Europe.

For more information visit www.woodprices.com.

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