The analysis in this report for OECD countries examines feedstock costs of between USD 10/tonne for low-cost residues to above USD 180/tonne for internationally traded pellets (Tables 8.1 and Argus,2014). This compares to forward prices and spot prices for pellets at ARA (Amsterdam, Rotterdam,Antwerp) that ranged between USD 180 and USD 184/tonne during May-July 2014 (Argus Media Biomass Market, 2014). Environmental policies in the European Union have fostered an international wood pellet market in which the United States and Canada play a significant role in supplying pellets to Europe (NREL, 2013).