ATHENS, Ga., March 5 /PRNewswire/ -- Timber Mart-South's Southeastern
average sawtimber and pulpwood prices moved in different directions in
2007. Pine sawtimber prices declined in response to lower lumber production
and ample timber supply. Pulpwood prices rose in response to strong
international paper markets and substitution effects due to the lumber
Pine sawtimber prices fell 3.1% to US$37.05 per ton, and pine
chip-n-saw prices fell 11.1% to US$19.67 per ton. Twelve-year low
residential housing starts exerted downward pressure on pine sawtimber
prices due to lower softwood lumber volume, with production down about 11
percent in the South. Softwood lumber prices were at record lows for most
of 2007. Consistently good logging conditions from the recent drought
across the eastern half of the South resulted in ample timber supply
further depressing prices.
One year change in South-wide average stumpage prices
US$ per ton 2007 2006 % Change
Pine Sawtimber $37.05 $38.25 - 3.1%
Pine Chip-n-saw $19.67 $22.13 -11.1%
Pine Pulpwood $ 7.86 $ 6.56 19.8%
Hardwood Sawtimber $21.90 $20.88 4.9%
Hardwood Pulpwood $ 6.63 $ 5.84 13.5%
In contrast, pine and hardwood pulpwood prices rose in 2007 due, in
part, to stable domestic and strong international pulp and paper markets.
US pulp exports grew 21% this year to a ten-year high. The U.S. also
increased exports of pulpwood logs and wood chips. Lower lumber production
also buoyed pulpwood prices by reducing the amount of low-cost sawmill
byproducts available for pulp production.
Timber Mart-South provides quarterly timber price and news reports
which are used by companies, consultants, landowners, and analysts to
assess market conditions in the Southern U.S. Reports include stumpage and
delivered prices of five pine and three hardwood products. Historical data
series and archived reports span 1976 to the present with archived news
For more information, visit our website at www.timbermart-south.com.
SOURCE Timber Mart-South