Russian Sawlog and Pulpwood Prices Fell 20% in 1Q 2008 as Log Export Taxes Reduced Foreign Shipments, Causing Increased Domestic Supply, Says WRQ

Russian domestic log prices fell sharply in the 1Q 2008 from their peak in the 4Q of last year, according to the market report Wood Resource Quarterly. Pine sawlog prices declined 22%, softwood pulpwood prices were down 20% and hardwood