Germany: Lumber prices plummeted – sawmills with defensive prices

The prices of wood in Germany have experienced a significant decline over the past few weeks. Many forest owners are reporting that normal utilization of wood is becoming increasingly difficult. This situation has been exacerbated by storm-damaged and beetle-infested wood flooding the market. Forest owners are now offering mixed prices for wood affected by beetles, damage, or the specific price for spruce wood impacted by beetles. During July and August, lumber prices in Germany have taken a substantial hit. In response to this sharp decline, most sawmills are attempting to mitigate the impact by reducing the quantities ...