The higher % of thinnings may not just reflect the fact
that the forests are being exhausted and that's all there is. The
thinnings are higher value - more desirable for pulp because of their
fibre quality and colour, a response to the tougher market
conditions. SEFE has a better chance of selling them in a recession.
The pine market has also collapsed. In September 2008 there were 29
trucks in a day. On 6 February 2009, 11 (counting some the previous