Global effect from Euro log surplus
Wednesday 18 Dec 2019Euro log surplus contributes to price drops
• A plentiful supply of logs coupled with declining demand moved sawlog prices downward in most major markets around the world in the 3Q/19. The biggest price reductions 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.
Excerpts from the Wood Resource Quarterly (www.WoodPrices.com) WRQ - 32 Years of Global Wood Price Reporting
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