Jun 14, 2010. /Lesprom Network/. Global conifer sawlog prices have steadily increased for four consecutive quarters in all major world regions. The Global Sawlog Price Index (GSPI), which is based on quarterly conifer sawlog prices in 19 key regions worldwide, increased from $65.89 per cubic metre in the 1Q 2009 to $76.77 per cubic metre in the 1Q 2010, a climb of almost 17%. The biggest price increases the past year have occurred in Oceania and Northern Europe, while North America has seen only moderate upward price adjustments, the Wood Resource Quarterly reported. Sawmills in Central and Northern Europe continue to have the highest wood costs in regions producing softwood lumber. These are also regions that have experienced the biggest price increases the past year. In Sweden and Germany, spruce sawlog prices were 28% and 15%, respectively, higher in the 1Q 2010 than in early 2009. Sawlog prices in Latvia and the Czech Republic have also gone up the past 12 months as a result of higher operating rates at the regions sawmills. Early in 2010, log prices were up 43% in Latvia and 25% in the Czech Republic as compared to the 1Q 2009. New Zealand exports of logs and lumber in the 1Q 2010 were 50% and 18% higher, respectively, than the same quarter last year. The increase in shipments is practically all thanks to the continued strong demand for most forest products in China. As a result of the strong export market, domestic sawlog prices has gone up about 4% from a year ago in the local currency and 38% in US dollar terms. Export log prices have increased for four consecutive quarters, and were in the 1Q 2010 over 50% higher than the same quarter in 2009. Pine sawlog prices have also gone up in Australia by almost 40% in US dollar terms, mainly as the result of a strengthening Australia currency. Sawmills in Australia continue to have higher raw-material costs than their competitors in New Zealand. Because lumber markets have improved, it is likely that sawlog prices in local currencies will continue to increase in many markets in the coming months in the local currencies. This may not necessarily translate into a higher GSPI Index next quarter since the US dollar can be expected to strengthen, particularly against European currencies.