In July 2015, prices for overseas traded hardwood chip were 14% below their peak four years ago, according to the latest FOEX Chip Price Indexes

Prices for hardwood chips traded overseas have been in steady decline since November 2011. On the contrary, the FOEX softwood chip price index has fluctuated more the past two years and has been on an upswing for the past three months.

Hakan Ekstrom, Wood Resource Quarterly