Global wood prices are plummeting – softwood lumber is much cheaper on the world market

Global wood prices have fallen by 10% on the world market. This has two reasons. On the one hand, the supply of wood exceeds the demand. On the other hand, the persistently high interest rates are significantly slowing down house building activity. And there are other problems that are putting pressure on softwood lumber prices. Global lumber prices fell more than 10% from March to April (see chart below). Lumber now only costs around USD 550 per 1,000 board feet on the US futures market, after prices were around USD 620 in March. The last time wood prices ...