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April 21, 2021
New Zealand log export prices offset by high shipping costs, despite booming China demand
International log prices are at record levels due to strong demand from China as other supply lines dry up. But the high in-market prices in New Zealand are being offset by expensive shipping, meaning returns at the wharf-gate have only increased slightly. Domestic demand in New Zealand remains strong but some mills are struggling to run at a profit. Most don’t compete directly for logs as mills typically source high-grade pruned logs, while unpruned logs are exported. However, export prices do underpin the price that mills need to pay for logs.  ...
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