Prices for pulplogs and wood chips have gone up in practically all markets worldwide in  the 3Q/22. The Hardwood Fiber Price Index (HFPI) has moved upward for over two  years to reach $100.47/bdmt in the 3Q/22, 26% higher than its 15-year low in the 2Q/20. The index, denoted in US dollars, has increased over 10% in the past year  despite a strengthening dollar against most other currencies in 2022. Steady demand for paper products, record-high prices for market pulp, increased shipping  costs, and a tightening supply of wood fiber have been the critical factors to the escalating  of wood fiber costs. In local currencies, hardwood pulplogs have gone up the most in  Europe and Latin America, ranging from 10 to 20%. In contrast, the price changes have  been more modest in the US, Australia, and Japan.