A drastic drop in the price of low-grade lumber was one of the reasons West Fraser Timber Co. Ltd. suffered a a $10.6-million loss from operations in its latest quarter, CEO Hank Ketcham said Friday in a conference call.
In addition to seeing the benchmark price for spruce-pine-fir (SPF) decline three per cent from the third quarter, the price for lower grade lumber plummeted 32 per cent, Ketcham said.
"This had a particularly significant effect in our mills processing high volumes of mountain pine beetle timber," Ketcham said.
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