Prices of exported New Zealand logs rise sharply; low Chinese inventories

Prices of exported New Zealand logs rise sharply; low Chinese inventories
Exports of logs from New Zealand were worth just $96 million in April 2020, down $211 million from $307 million in April 2019.    The quantity of logs exported fell 69%, the biggest-ever monthly percentage fall, the price has risen to $170 a cubic meter this month after falling to $137 in July 2019.    “Log harvesting was a non-essential service under alert level 4 and didn’t restart until alert level 3 at the end of April, so it is understandable that log exports have dropped sharply,”  international statistics manager Darren ...

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