WSQ: Global Sawlog Price Index took a hit, with third largest q-o-q decline in 10 years

Global Sawlog Price Index took a hit, with third largest q-o-q decline in 10 years, according to Wood Resource Quarterly

Global Timber Markets

• A plentiful supply of logs coupled with declining demand moved sawlog pricesdownward in most major markets around the world in the 3Q/19. The biggest pricereductions came in Central Europe, where storm damaged logs flooded the market.

• With falling sawlog prices throughout the world, the Global Sawlog Price Index (GSPI)took a hit in the 3Q/19 and had its third largest q-o-q decline in ten years.

• The European Sawlog Price Index (ESPI), which has been in steady decline for two years, fell another 5.0% in the 3Q/19, as reported in the latest issue of the WRQ

WRQ: Russia surpassed Canada to become world’s largest exporter of softwood lumber in 2019, according to Wood Resource Quarterly.