Softwood Lumber Exports Skyrocketed 36% in Brazil
The domestic supply of both pine and eucalyptus pulplog remained robust during the third quarter of 2018
SEATTLE (Scrap Monster): According to the Wood Resource Quarterly, softwood lumber exports from Brazil surged higher by 36% during the initial eleven-month period in 2018, as compared with the corresponding period in 2017. The export prices were up modestly by 3% in U.S. dollar terms. However, prices skyrocketed by 26% in Brazilian Real Terms.
The domestic sawmills in the country recorded expanded export sales, which in turn has led to increased demand for sawlogs. Consequently, log prices witnessed upward pressure. Incidentally, the log prices touched a new all-time high during the third quarter of 2018. The rising strength in dollar prices caused heavy decline in Brazilian sawlog prices in US dollar prices. The prices hit the lowest level in more than two years, reported the Wood Resource Quarterly.
The domestic supply of both pine and eucalyptus pulplog remained robust during the third quarter of 2018. Despite this, the prices in local currency improved over the previous year. The eucalyptus pulplog prices edged higher by 3% in Q3 ’18, when matched with the corresponding quarter in 2017. The average softwood pulplog prices have surged higher by 13% during the quarter. Meantime, the prices of pine pulplogs reported marginal decline in the Southern region of Brazil.
The shift to other attractive land-use alternatives such as agricultural crops from trees in the Southern states is feared to result in insufficient supply of raw materials for the forest industry in future.
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