Exports to U.S. strong, Asia declines
June 3, 2014, Seattle, Wash. – Global sawlog prices were up in the first quarter of 2014 in the majority of the world’s biggest wood markets according to the latest report from Wood Resources International.
According to the report, the Global Sawlog Price Index rose 0.8% over the previous quarter to $89.45/m3 USD in Q1/2014. The Softwood Fibre Price Index fell $0.08 to $99.43 in Q1/2014, with Canada being one of primary regions for the drop in price. The Hardwood Fibre Price Index continues its decline as well, losing $0.58 cents to $97.01/ofmt. Eastern Canada was cited as one of the largest areas of decline.
Despite the decline in prices, there is positive growth continuing for lumber demand in the United States. The growth has helped to offset lowering demand in China and Japan, as a slowdown in those economies has caused a decline in construction.
For the full report on the global forest industry, visit www.woodprices.com.