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Global sawlog prices fell in late 2011, especially in lumber export-oriented countries such as Western Canada, Finland, Sweden, Russia and New Zealand

Eucalyptus and pine log prices in Brazil close to all-time highs in the 4Q/11

Wood chip exports from Latin America reached a record high in 2011, with pulp mills in Japan and Europe being the major export destinations

Reduced log export tariffs in Russia unlikely to boost the country’s log export volumes back up to historic levels

Wood fiber costs for pulp manufacturers declined in the 4Q/11 as pulp prices fell – with Global Wood Fiber Price Indices dropping 3.5%,

The expansion of pulp production in China continues and the lack of domestic wood fiber sources has resulted in record imports of wood chips in 2011

China is now the world’s largest importer of softwood lumber and logs despite a slowdown in imports during the 4Q/11

US woody biomass prices have dropped the past three years; west coast prices are the lowest in the country

New Zealand’s log exports to China account for one-third of the country’s timber harvest in 2011

Weaker lumber markets are causing global sawlog prices to fall for first time since early 2009

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