Industry News Markets Harvesting
B.C. stumpage updates now monthly to increase market responsiveness, director says

B.C.’s stumpage updates from the Ministry of Forests Timber Pricing Branch have changed from quarterly to monthly.

Director Allan W. Bennett make the announcement in a memorandum on May 31, with the change beginning June 1.

Bennett said the monthly updates will reduce stumpage lags from six months to an average of 3.5 months, and improve rate responsiveness to actual market conditions, which will make planning easier for smaller licensees with infrequent harvests.