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Price hike.

Price Hike. Due to a contract revision that became effective July 1, the price paid since 1986 by Alaska Pulp Corp. of Sitka for Tongass National Forest timber harvested under its long-term contract increased 80fold, from $1.47 per thousand board feet to $127 per thousand board feet. Under the previous contract between Alaska Pulp and the U.S. Forest Service, there was no provision for increasing timber rates until the end of each five-year operating period. New contract terms provide for annual revision of stumpage rates to reflect changing market conditions. Alaska Pulp employs about 100 workers at a Sitka pulp mill, a sawmill in Wrangell and two logging camps. (Watch for a report on changes in the Tongass next month.)
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Title Annotation:Alaska Business Briefs; timber prices rise
Publication:Alaska Business Monthly
Date:Sep 1, 1990
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