Timber market remained sluggish in August
In August, wood procurement activity remained quieter than average.
The Finnish forest industry purchased two million cubic metres of wood from private forest owners last month.
The stumpage prices of logs fell by 1-3 per cent, but the Finnish Forest Industries Federation insists that raw material costs continue to be high in Finland considering the market situation.
The price paid for softwood was EUR 53 per cubic metre.
The price of pine pulpwood remained unchanged, while that of spruce pulpwood declined by a couple of per cent.
In January-August, the industry purchased about 18 million cubic metres of wood, which is more than the average volume in the past few years.
The purchases of logs amounted to 7.8 million cubic metres, and those of pulpwood to 9.5 million.
Finnish Forest Industries Federation press release 28.8.2012