New Zealand export log prices to China drop due to rising shipping costs

New Zealand export log prices to China drop due to rising shipping costs
Prices for New Zealand exports of logs in August dropped around $35 per JAS m3 from July prices, due to the combination of reduced demand in China and increased shipping costs. This was an average reduction of 30% across the grades.    CFR prices in China are still relatively healthy for this time of the year with A grade logs selling for about 160 USD per JASm3. It is expected that log prices in China will now steadily increase because of a reduction in log supply from New Zealand due to the Covid lockdown, and an increase ...

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