The black walnut price per board depends mainly on the grade of the board, demand and whether it is purchased directly from a mill or at a retail store. Retail stores often have different prices per board foot of black walnut based on various factors, including pricing strategies and the cost of stocking.
Black walnut is expensive, but top-grade is more expensive compared to other grades. The grading criteria rely on standard grading systems provided by the industry or the government.For example, flat-sawn black walnut with a uniform color costs more per foot than a similar board with knots. Sellers tend to relax their grading criteria when demand is high to earn more.
Changes in demand also affect the price of black walnut. According to the Forest and Woodland Association of Missouri, this demand is cyclic. The price for this product tends to rise when demand is high and falls when demand reduces. The black walnut is a popular tree species with increasingly many applications. As the uses increase, the corresponding increase in demand for the product drives up the price.
The black walnut price per board foot of millers is lower than the market average. Retailers add the cost they incur in stocking the products and a profit margin to the supplier's price. The price also varies among retailers due to different pricing strategies, shipping arrangements and storage policies.