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July 6, 2022
New Zealand log export prices to China fall more than 20% in June
A weaker timber market in China, rising transport costs and exchange rate impacts have contributed to a drop of more than 20% in New Zealand AWG log prices in June 2022. New Zealand (AWG) log prices fell by an average of $23 between May and June. At the same time, costs for timber harvesting contractors are rising rapidly. The New Zealand PF Olsen Log price index fell $11 to $111 in June, $11 below the two-year average, $9 below the three-year average and $13 below the five-year average. The ...
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