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British Columbia Tree Costs Surge as Lumber Makers Move South

  • West Fraser focuses on low-cost timber regions in U.S. South
  • U.S. lumber futures slump 55% below record high in early May
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British Columbia is sharply increasing the cost of trees for lumber producers just as wood-product prices slump and Canadian sawmills expand in the U.S.

Lumber producers will pay C$94.54 ($76.22) per cubic meter of coniferous saw log from the province’s interior in the third quarter, a 74% jump from this quarter and more than triple what they paid a year ago, according to a government website.