New Zealand log prices were at near record levels earlier in 2021, but last month sunk to lows not seen since late 2015. As a result the amount of logs heading to ports had slowed significantly, with many harvesting crews being told to work at a reduced capacity, or down tools. China is New Zealand's largest overseas market for logs, accounting for about 70-90 percent of exports. The Forest Owners Association president Phil Taylor said a "perfect storm" had caused the sudden drop in prices. This included reduced processing capacity ...
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