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March 3, 2021
New Zealand’s log export prices on the rise due to rising demand in China
The CFR prices have increased for New Zealand radiata pine logs due to solid demand, reduced supply, and lower inventory levels. The price for A grade New Zealand pine is currently around 123 USD per JASm3 and expected to increase for December deliveries. New Zealand domestic demand for logs and sawn timber remains strong with domestic sales of sawntimber exceeding projections. The November AWG prices for export grade logs increased by 1-2 NZD per JASm3 from October prices. Market indicators for New Zealand logs in China are very good with solid demand, reducing ...
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