GSPI fell for the fifth consecutive year
According to a new report from Wood Resource Quarterly, global demand for lumber declined in many regions during the summer and fall, log prices continued to trend downward. The Global Sawlog Price Index (GSPI) fell for the fifth consecutive quarter to $81.94/m3. The Index was down only 1.1 percent from the 2Q/12, which was the smallest quarter-over-quarter decline since world prices started to fall in early 2011. Sawlog prices are now back down to levels where they were two years ago.
