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November 20, 2019
Export prices for New Zealand logs on the rise in November, but prices are still below their 2-year average
At Wharf Gate (AWG) prices for export logs delivered to ports around New Zealand in November increased by an average of NZ$5 per JASm3. Since July the average AWG prices have now increased by approximately NZ$25 per JASm3. Due to the increase in the AWG prices the PF Olsen Log Price Index for November increased $2 to $121. The index is currently $6 below the two-year average, $5 below the three-year average, and $1 higher than the five-year average. Domestic demand for logs remains stable with supply ...
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