New Zealand’s export log prices fall due to the impact of exchange rates
In December 2022, the average export log (AWG) price across New Zealand ports has fallen by around NZ$2/JASm3. As the market price of exports to China has remained stable recently, the price of exported logs fell this time, mainly due to the strengthening of the exchange rate of the New Zealand dollar against the US dollar. The New Zealand dollar strengthened significantly in November, which affected New Zealand AWG log prices in December. NZD/USD remains volatile, but the underlying uptrend has stalled over the past few weeks. The PF ...
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