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Timber Prices Likely To Push Higher

Timber Prices Likely To Push Higher
Rising demand from China, South Korea and Japan may reach East.

2010 sawlog demand from Asian spurred about a 20% price jump on the West Coast and Western Canada. But timber markets in the U.S. East and Southeast didn't see it.

Now comes word that from the North American Wood Fiber Review that rising softwood demand from China, South Korea and Japan should start driving East Coast timber prices higher. That should help East Coast markets, even though hardwoods dominate in Pennsylvania and more northerly states.

During fourth-quarter 2010, Douglas-fir log prices in the Northwest were up 19% over the same quarter in 2009. Hemlock sawlog prices, increasingly influenced by log exports, have gone up over 25% in the last year.

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