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June 3, 2020
Supply concerns determine Chinese log buyers to pay more for New Zealand logs
The At Wharf Gate (AWG) prices paid by log exporters in May increased +NZ$50-56 per m3 from the prices received by forest owners in March prior to the COVID-19 lockdown. This is an increase in sale prices of +50-56% depending upon the grade and length. This AWG increase in NZ was driven by increased log prices paid by Chinese log buyers concerned about log supply, as well as a weakening NZD, and relatively cheap ocean freight costs. There was however, no substantial increase in demand to sustain this price increase and the ...
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