Hardwood Pulpwood Prices Continue to Move Upward in North Carolina
In the fourth quarter of 2019, movements in timber prices in North Carolina were mixed. While both pine and hardwood pulpwood prices increased more than 10% compared to the last quarter, hardwood sawtimber and pine chip-n-saw prices trended downward in 2019 Q4. Both pine sawtimber and pulpwood prices were above 10% higher than the Southwide averages. Similarly, hardwood pulpwood prices continued to climb up substantially in Eastern North Carolina.
According to TimberMart-South, in the fourth quarter of 2019, the average pine sawtimber prices were $27.6 per ton, up about 1% from last quarter and up 13% from the price a year ago. It was about 15% above the south-wide average pine sawtimber prices of $23.9 per ton. Similarly, statewide average pine chip-n-saw prices were $15.9 per ton, down 4% from last quarter and down 13% from 2018 Q4.
While it was still down 5% from the price a year ago, the statewide pine pulpwood prices moved up 10% this quarter. The pine pulpwood prices in Eastern North Carolina bounced back about 19% to an average of $11.8 per ton compared to the last quarter, but still done 10% from 2018 Q4.
The statewide hardwood sawtimber prices averaged at $24.9 per ton in this quarter, down 4.8% from last quarter. It was about 25% less than the Southwide average of hardwood sawtimber prices. However, hardwood pulpwood prices were trended upward to the state-wide average of $6.2 per ton, up 12% from the last quarter, and up 28% from the price a year ago. Hardwood pulpwood prices in North Carolina were averaged at $6.3 per ton, up about 24% from the last quarter and up 80% from 2018 Q4. For more information on the 2019 fourth quarter stumpage prices in North Carolina, please visit: Forestry Price Data.