The record high lumber prices in the US shifted global lumber trade flows in the first half of 2021
· US lumber prices reached unprecedented highs in the 2Q/21. For example, the costs for 2x4 framing pine lumber inthe US South averaged almost $800/m[3] in May, up from $210/m[3] as recent as February 2020 and nearly four times as much as the 20-year average price for southern yellow pine. The costs for sawlogs, typically accounting for 60-70% of the production costs when manufacturing lumber, have seen only relatively small adjustments throughout the first half of 2021 in the key lumber-producing regions of North America, according to the Wood Resource Quarterly. The favorable lumber price/
