Estonia: Fall in log prices continues in July

The prices of softwood logs in Estonia have fallen for the third month in a row, while in July the price drop was rather steep. During the month, pine logs became cheaper by 12.6%, pine logs by 8.4%, spruce logs by 11.4% and spruce logs by 7.2%. In three months, prices have fallen by about a quarter, or 25%. Compared to prices a year ago, the price of pine logs, which until now remained clearly higher than spruce logs, has fallen particularly sharply. By now, the significant price difference has disappeared. Over the year, the ...