Outlook for New Zealand’s exports of logs to China challenging
New Zealand log export revenue was up 34 percent during the year to 30 June 2021 due to stronger than expected demand from China. China remains the key market for New Zealand log exports, making up 85 percent of overall log export values, says New Zealand's Ministry of Primary Industries (MPI) in its annual report. According to MPI, NZ's log export revenue is forecast to reduce by 1 percent to $3.8 billion in the year to 30 June 2022. Chinese demand for logs has softened due to a slowdown in the construction sector and high ...
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