Although the May at wharf gate (AWG) New Zealand log export prices are very similar to those offered in April (mid to high $120’s/m3 for A grade), the underlying variables that make up those prices are vastly different. The variable that has had the biggest influence on the AWG price in the last 12 months has been shipping with freight costs ranging from $US40/m3 to $US85/m3.  To put some figures around the cost of fuel and its effect on log prices, a log vessel will generally take 17 days to reach China with a ...