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Despite price drop, lumber volumes increased in 2011

Published by Steve Coleman on March 02, 2012

A price index keeping track of global wood prices says Western Canada, Finland, Sweden, Russia and New Zealand were hardest hit by a drop in wood prices during the second half of 2011.

Prices for softwood logs fell six per cent from the all-time high in the second quarter of 2011 to $87.28 per cubic metre in the final three months of 2012.

The price drop has been blamed on weaker lumber markets in Asia and Europe. Despite recent price declines, the industry was the busiest in 2011 that it has been in the last four years.

An estimated 95 million cubic metres was shipped during that year. Wood Resources Quarterly says the amount was nine million cubic metres more than 2010 and 24 million cubic metres more than 2009.

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