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September 20, 2016

Weak dollar and higher demand drives up global softwood lumber prices

Demand for softwood lumber has gone up in many markets around the world in 2016, resulting in a substantial increase in global lumber trade. With very few exceptions, the major importing countries have imported more lumber during the first six months this year than they did during the same period in 2015. Higher demand and a weaker US dollar resulted in generally higher lumber prices (in US dollar terms) worldwide in the first half of 2016 than in the 1H/15.
Lumber markets – North America
According to estimates by the Wood Resource Quarterly (WRQ),

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