Global sawlog prices fell late in 2022 following a 40% gain over two years

Wood raw-material costs for sawmills in North America and Europe eased in the 3Q/22 as demand and prices for lumber fell. A few countries faced slight log price increases in their local currencies, but with the strengthening US dollar, practically all markets worldwide had lower log costs in dollar terms compared to the 2Q/22. As a result, the Global Sawlog Price Index (GSPI) fell about five percent from its all-time high in the previous quarter. Since the index fell to a ten-year low in early 2020, it has climbed steadily and was up 40% over ...