U.S. log exports increased 15.5% YoY to 1.15 million m3 in February 2018, the exports value exceeded $238.2 million (+27.4%).

Logs

U.S. log exports to China jumped 24.7% in February

U.S. log exports increased 15.5% YoY to 1.15 million m3 in February 2018, the exports value exceeded $238.2 million (+27.4%), according to the USDA.

U.S. log exports to China, the largest consumer of U.S. log, have jumped 24.7% to 544.3 thousand m3 and 33.1% by value ($126.0 million). The exports to second-largest consumer Canada have declined 2.3% to 305.2 thousand m3, and exports to Japan have increased 13.5% to 171.4 thousand m3.

The average price of U.S. log in February 2018 was $207 per m3, increase 10.3% from the same period last year. The average price of log exports to China was $231 per m3 (+6.7%), to Canada was $98 (-2.9%), and to Japan was $266 (+21.6%).