New Zealand’s log exports to increase by 25% this year led by China rising prices

New Zealand’s log exports to increase by 25% this year led by China rising prices
Log exports are forecast to reach US$3.6 billion in the year ending June 2021, led by demand from China raising prices and incentivising harvesting. This is an increase of 25.5 percent compared to the previous year following four consecutive quarters of growth. This strong demand has pushed log export prices near the record levels observed in 2018-19.    Chinese demand for logs remains strong, driven by increased construction activity and further supported by supply constraints such as the ban on Australian logs, and a reduction in global shipping capacity (although log shipping from ...

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