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June 19, 2019
Price drops in exports of New Zealand logs to China
Prices for New Zealand domestic log sales in June are mostly unchanged from May as we move to the end of Quarter 2. Most mills anticipate some relief in log prices in Quarter 3 due to the lower export log prices, especially to China. Most NZ mills will start to get more discerning over the quality of log they receive as the economic returns between the sawn timber grades is widening. The larger pruned and structural grades are selling well but marketing the rest of the log is a struggle. The domestic ...
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