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August 13, 2020

Prices for New Zealand logs crash amid slow demand in China and European spruce oversupply

Prices for New Zealand logs are 12 percent below the five- year average on the back of overstocking, the summer slowdown in China and as spruce logs are being ''dumped'' into Asia from Europe. This has seen higher volumes of logs stocked on wharves in China with prices easing, particularly following a surge in exported NZ logs post lockdown.
Scott Downs, director of sales and marketing at PF Olsen reports

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