COVERAGE NOTE: Open consultation on methodology for North American Woodfiber and Biomass – final decision
SAN FRANCISCO, Jan 4, 2021 (Fastmarkets RISI) – Fastmarkets RISI invited feedback from the industry on the pricing methodology for North American Woodfiber and Biomass, via an open consultation process between Nov. 10, 2020 and Dec. 30, 2020.
This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.
This consultation, sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.
Separately, from 2021 NAWBM will move to a simplified price reporting schedule, rotating quarterly prices as follows:
Month 1 – South Atlantic and Northeast (prices for previous quarter)
Month 2 – British Columbia and Pacific Northwest (prices for previous quarter)
Month 3 – South Central and Lake States (prices for current quarter)
You can find the current methodology for Woodfiber and Biomass here.
You can find the publishing schedule for Woodfiber and Biomass here.