The age-old adage 'what goes up must come down' has played out as expected with the New Zealand export log market in recent weeks. Export sales prices during May were the highest since the global financial crisis and were basically an anomaly with low shipping costs and foreign exchange rates reducing the costs of getting the logs to market. This was expected to be short-lived — and was. New Zealand A-grade export logs have dropped from around $153/m3 in May to $117/m3 in July ...
Register for unlimited accessWe work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!