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Article: Pine timber glut leads to declining prices.
- Article from:
- Northeast MS Daily Journal (Tupelo, MS)
- Article date:
- May 4, 2007
CopyrightCOPYRIGHT 2007 Northeast Mississippi Daily Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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