Record high timber price registered in Norway

TimberPhoto: Vidar Ruud / NTB
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The average price of all timber sold in the second quarter ended at NOK 501 per cubic meter. That is the highest price recorded in a quarter.

Compared to the second quarter of last year, the price increase amounted to 16%, Statistics Norway writes.

In total, just under 3 million cubic meters of timber were cut for sale between April and June this year, roughly the same as in the corresponding quarter last year.

Sawn timber prices for spruce and pine were respectively 21 and 18 % higher in the second quarter of this year than in the corresponding quarter of the previous year. 

Sawn timber refers to logs that are long, thick, and straight enough to be cut into planks and tables. On average, forest owners received NOK 653 per cubic meter for spruce sawn timber and NOK 632 per cubic meter for pine timber.

At the same time, 1.17 million cubic meters of timber were exported in the second quarter. That is 160,000 cubic meters more than in the same quarter last year.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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