With global demand for lumber declining in many regions during the summer and fall, log prices continued to trend downward throughout 2012, according to a report from Wood Resource Quarterly.
The Global Sawlog Price Index fell for the fifth consecutive quarter to $81.94/m3. In just 12 months, the GSPI Index has fallen 9.9 percent with the biggest price reductions in Europe and Latin America. In North America, prices have been fairly flat for almost two years.
The biggest log price declines in local currencies occurred in Sweden, Germany and Poland.
For more on the report, visit www.woodprices.com.