Japan Domestic Lumber Prices Dropping

Domestic log cutting sawmills in Japan have suffered low lumber prices for more than a year, according to Japan Lumber Reports Friday.
“Some sawmills are trying to cash in their lumber inventories even with lower log prices which continue dropping,” said the Reports. “Some regions in Japan are reviving sawmills after log prices plunged since last March.”
Many sawmills had stocked up on higher priced winter-harvested logs which are still being processed. It is ironic that this build-up of log inventory resulted in a price drop on lower-cost summer logs.