FOEX Indexes and Wood Resources International to Partner in the Launching of Global Wood Chip Price Indices
FOEX and WRI have agreed to partner in the launching of global wood chip price indices. The combined efforts will ensure that the indices, whose launch is planned for early 2011, will be statistically reliable and thus well suited for forest and energy companies who can use price indices for benchmarking, as well as the financial community, which can use the Indices as price risk management tools.
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