HFPI

Acronym	Definition
HFPI	Hutton Forest Products Inc. (Canada)

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Both the SFPI and HFPI are currently at the lowest levels in over ten years.

Pulpwood Costs Have Fallen Substantially Worldwide with the Softwood and Hardwood Pulpwood Price Indices Being at Their Lowest Levels in Over Ten Years

Magee, who joined The Hartford in 2003 and has served as chief underwriting officer for HFPI since the London office opened in 2007, will oversee all underwriting, administrative, finance, legal and regulatory functions of the operation.

The Hartford names head of International Financial Products Division

Each of the eight HFPI countries has taken responsibility for a different area.

"We are very proud to have been able to play a part in the HFPI," said a Sight Savers spokesman.

The Gambia: Eye Centre connects West Africa; Dr Jerreh Sanyang reports on a revolutionary approach by eight West African countries to put eye care at the highest rungs of health delivery in the region

The HFPI index has trended downward for over three years when the all-time high of $117.90/odmt was reached.

The Wood Fiber Costs for the World's Hardwood Pulp-Producing Mills Have Declined in 2014

The Softwood Wood Fiber Price Index (SFPI) was also down in the 2Q/13, but the decline the past two years has been less dramatic than that of HFPI. In the 2Q/13, the SFPI was US$97.75, down 2.2 % from 1Q/13, with the biggest price reductions seen in Norway, Japan, France and Australia.

Higher Pulp Prices and Lower Wood Fiber Costs Improved Profitability for Many Pulp Mills Around the World in the 2Q/13

The Softwood Wood Fiber Price Index has been higher than HFPI for 21 of the past 24 years; it is only the past three years that HFPI has been sold at a premium, and the 3Q/11 premium of US$9.01/odmt is the greatest to date.

Global Hardwood Pulp Producers Face Higher Wood Fiber Costs and Lower Pulp Prices

As a result of higher fiber prices in most regions worldwide, the Hardwood Wood Fiber Price Index (HFPI) was up $1.51/odmt to $104.88/odmt.

Wood Fiber Costs for the Global Pulp Industry in the 3Q/10 Were Close to the Highest Level in Two Years

As a result, the Hardwood Wood Fiber Price Index (HFPI) was down 2.3% from the previous quarter to US$103.37/odmt, but it was still nine percent higher than 12 months ago.

Wood Fiber Costs for the Global Pulp Industry Fell in the 2Q/10 After Having Increased for 18 Months, Reports the Wood Resource Quarterly

Five years ago, Brazil had some of the lowest wood fiber costs in the world in US dollar terms, but since that time the Real has appreciated against the dollar with the result that costs for pulpwood traded in the open market in Brazil now are close to the global average hardwood fiber price index (HFPI).

Eucalyptus Log Prices in Brazil Have Gone Up 25% the Past Year, Almost Reaching the Global Average Hardwood Fiber Price Index in the 1Q/2010, Reports the WRQ

As a result, the Hardwood Wood Fiber Price Index (HFPI) was slightly lower this quarter to US$105.90/odmt.

Wood Fiber Prices for the Global Pulp Industry Rise 11%, Reaching Pre-Financial Crisis Levels in the 1Q/2010, Reports the Wood Resource Quarterly