Press Release – For Immediate Release
The slumping economy has reduced sawlog prices in Europe and North America to
the lowest levels in five years, reports the WRQ.
Softwood lumber markets have continued to weaken and as a result, demand for sawlogs
has...
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Press Release – For Immediate Release
The slumping economy has reduced sawlog prices in Europe and North America to
the lowest levels in five years, reports the WRQ.
Softwood lumber markets have continued to weaken and as a result, demand for sawlogs
has fallen worldwide and the Global Conifer Sawlog Price in the 1Q/2009 was down 26
percent from a year ago, according to the Wood Resource Quarterly.
Seattle, USA.
June 2009.
Sawmills in North America have taken a great deal of marketrelated downtime in 2009 with no region being immune to the deteriorating markets.
Lumber production in the US South was 27 percent lower in the 1Q this year as
compared to the same quarter last year, while production in western US was down 30
percent over the same period, according to WWPA.
As a consequence, log demand was
down and sawlog prices fell substantially, particularly in the US Northwest where sawlog
prices are currently 50 percent lower than two years ago.
The biggest drop in lumber manufac
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