Global log prices at highest levels since 2011 due to demand from China

26 October 2013

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27 October 2013 | Will Green

Global sawlog prices have risen by more than five per cent year-on-year to reach their highest level since 2011.

In the second quarter of 2013 the Global Sawlog Price Index – based on 20 regions around the world – hit $86.6 (£53.52) per cubic metre, the highest it has been since the last quarter of 2011, according to Wood Resources International.

The largest price increases have occurred in regions exporting logs or lumber to China, including the US, Canada and New Zealand, and here prices have almost doubled since 2009.

New Zealand has become the world’s largest exporter of logs, and in 2013 surpassed Russia to become the largest softwood log supplier to China.

However, outside North America and Oceania prices are generally lower due to weaker lumber markets, with the biggest declines in Northern and Eastern Europe.

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