The GSPI sawlog price index rose 2.9% in the 3Q/20, reversing its two-year decline
Strong lumber sales and a weakening US dollar moved sawlog prices upward in many markets worldwide in the 3Q/20. The most significant price increases occurred in Western US, Northern and Eastern Europe, and Oceania. Only sawmills in the US South, Russia, Germany, and Chile experienced minor reductions in sawlog costs q-o-q. Following a two-year decline, the Global Sawlog Price Index (GSPI) increased in the 3Q/20 by 2.9% from the previous quarter, according to the WRQ. The current GSPI is still the second lowest it has been in four years, and is 4.1% lower than the Index’s 25 year average