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November 3, 2021

New Zealand log export prices to China drop in October due to high shipping costs

New Zealand log export prices to China drop in October due to high shipping costs
CFR sale prices for logs in China are reasonable but extremely high shipping costs continue to adversely affect the New Zealand export price.     The October prices for export logs dropped an average of $1.10 per JASm3 in the main North Island ports. The domestic prices for structural logs dropped by $5 per tonne in many regions.    The PF Olsen Log Price Index dropped $1 in October to $119. The index is currently $4 below the two-year average, $5 below the three year-average and $6 below the five-year average ...

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