Higher log demand from sawmills in Europe and North America moved the GSPI sawlog price index to a seven-year high in the 2Q/21
Softwood sawlog prices have gone up in 21 of 22 regions worldwide in the past year, as tracked by the WRQ. By far the most significant increases have occurred throughout Europe and British Columbia. In the 2Q/21, average sawlog prices were 60-70% higher y-o-y in Eastern and Central Europe, driven by the increased competition for logs by the sawmills throughout the continent. In the past year, lumber producers in Latvia, the CzechRepublic, and Poland experienced the most significant cost increases for wood raw-material. As a result of the worldwide rise in log costs, the Global Sawlog