New Zealand: Export prices of logs impacted by rising ocean freight costs

New Zealand: Export prices of logs impacted by rising ocean freight costs
At Wharf Gate (AWG) prices for logs delivered to ports around New Zealand decreased on average -NZ$5 per JASm3 in March from the highest February prices. This decrease in AWG prices is due to increased ocean freight costs for export log cargo.    Most CFR log prices in China were flat to a modest increase of +US$1 per JASm3. ‘A’ grade export now sells for up to US$143 per JASm3 in China and US$155 per JASm3 in India.    The domestic market for logs has continued the very stable start ...

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