On the other hand, prices may not return to the range experienced prior to 1995. Note the data for 1994 and 1995 are projections. Cedar chips are viewed as an inferior product by pulp mills, so it is unlikely they will increase in real value in the foreseeable future. Thus they exclude intra-firm transfers of wood chips within vertically integrated firms. 10 Prices graphed are the arithmetic average of all appraisal point average market values as published by the Revenue Branch after conversion to constant 1995 dollars.
Whitewood refers to all conifer species except western redcedar.
11 Prices were f.o.b. mill for all regions except the U.S. PNW, which was f.a.s.