WRI’s global wood fiber price indices moved up in the 3Q/20, mainly driven by a weaker US dollar
In the 3Q/20, the Global Hardwood Fiber Price Index (HFPI) was up by 1.6% to $81.17/odmt, following a 16-year low in the previous quarter. The first q-o-q increase in almost two years was mainly driven by a weakening of the US dollar against currencies in all WRQ countries except Russia. Currencies in Europe and Oceania strengthened between 5-10% from the 2Q/20 to the 3Q/20. In the Nordic countries, hardwood prices in the 3Q/20 jumped 7% q-o-q (in US dollars) and were close to their highest levels in five years. Other countries that have seen price increases include Canada, Chile, France,