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April 4, 2022

Reduced New Zealand log supply to China maintains price increases

Reduced New Zealand log supply to China maintains price increases
The prices for New Zealand export logs increased an average of $6 in March. Reduced log supply to China has maintained price increases, but increasing shipping costs, a strengthening NZD and other external factors mean an increased downside risk for AWG prices in New Zealand.    The PF Olsen log price index increased $4 in March to $128 which is $5 above the two-year average, $7 above the three year-average and $4 above the five-year average.    The slowdown we've seen in New Zealand log exports to China has continued ...

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