The price of logs transported to the ports around New Zealand dropped by an average of NZ$7 in April. The reason for the decline in AWG prices is the increase in ocean freight costs and the uncertainty in the Chinese log market. Although the demand for logs has reached a record level, there is an imbalance between logs and domestic wholesale prices. In the absence of a confirmed letter of credit (LCS), there are several log ships from New Zealand to China, and Chinese log buyers are using this opportunity to try to reduce the ...
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