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November 21, 2022
Latvian sawmills reduce production; sawlog prices fall in October
As a result of overproduction, Latvian timber prices have fallen slightly, perhaps temporarily. Average pulpwood prices fell an average of 2% in October. Prices continued to fall in the large and medium softwood lumber segment. The latter is mainly due to a fall in the production of construction materials. According to the latest data from the Latvian Central Statistical Office over the past nine months, manufacturing has fallen by 12.5%. This resulted in a 4% price drop for large pine lumber and a 7% price drop for thick spruce lumber. We saw an increase in ...
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