GLOBAL SAWLOG MARKET
The Global Sawlog Price Index (GSPI) fell for the fifth consecutive quarter in the 2Q/19, reaching a two-year low. Log prices were down on all continents, with the biggest declines occurring in Europe.
In the 2Q/19, the European Sawlog Price Index (ESPI)fell to a nine-year low, reports the Wood Resource Quarterly. In Euro terms, average sawlog prices in Austria and Germany have fallen almost 20 per cent over the past two years, thus improving the competitiveness of the two countries sawmilling industry.
U.S. softwood log shipments to China have fallen by $124 million in value since the trade war started May 2018.