Log prices hit two-year high

Will Green is news editor of Supply Management
24 March 2014

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24 March 2014 | Will Green

Global sawlog prices surged to their highest levels in more than two years in the fourth quarter of 2013.

Wood Resources International’s Global Sawlog Price Index hit $88.78 (£53.84) per cubic metre in the period, 5.4 per cent up year-on-year and also the third highest price since the index began in 1995.

A report said the increase was driven by higher demand for timber and a rise in the global trade of logs, with prices increasing the most in western North America, Sweden, Finland, Latvia and Japan over the past 12 months.

Global shipments of softwood logs in 2013 were up 17 per cent compared to 2012, totalling more than 80 million cubic metres, the highest shipment of logs since 2007.

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