Global log prices fell 4.6 per cent in the third quarter of 2014 due to factors including a stronger US dollar and weaker demand in some countries.
Overall prices dropped to $85.56 (£54.63) per cubic metre, compared to the second quarter, with the biggest falls taking place in the Nordic countries and Eastern Europe, according to Wood Resources International (WRI).
Despite the price fall, in most regions log prices are between 5 per cent and 15 per cent higher than the 10-year average, with the exception of the Nordic countries where prices are lower than this average.
WRI said in addition to the stronger dollar there was slightly weaker demand for timber in Japan, the US, Canada and parts of Western Europe, “resulting in downward price pressure on sawlogs in the third quarter”.
Meanwhile, the cost of hardwood fibre, used in the production of pulp, reached its lowest level since 2009 in the third quarter at $96.76 (£61.77) per metric tonne.