Article: Pine timber glut leads to declining prices.

Byline: Carlie Kollath

May 4--TUPELO -- Pine saw timber prices are dropping and the Northeast Mississippi timber industry is feeling the pinch.

According to Forest2Market, a Charlotte-based provider of pricing data for the forest products industry, delivered prices for pine saw timber in 2006 fell about 6 percent, from $55 in early 2006 to $51.77 per ton in the fourth quarter.

The research company attributed the fall to ample timber supply and a slumping housing market. The lower prices kept many pine timber sellers off the market, which caused supply problems for mills, F2M noted in its first quarter Mississippi Timber Report.

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