{"id":75753,"date":"2018-06-04T14:27:25","date_gmt":"2018-06-04T14:27:25","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/softwood-logs-exports-from-new-zealand-reached-record-volumes-in-march\/"},"modified":"2025-09-19T08:48:12","modified_gmt":"2025-09-19T08:48:12","slug":"softwood-logs-exports-from-new-zealand-reached-record-volumes-in-march","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/softwood-logs-exports-from-new-zealand-reached-record-volumes-in-march\/","title":{"rendered":"Softwood logs exports from New Zealand reached record volumes in March"},"content":{"rendered":"
\n

New Zealand's exports of softwood logs reached record volumes during March 2018. The shipments to most of the markets went up, while positive outcome is expected forward into the year.<\/em><\/p>\n

According to AgriHQ, NZX's agricultural analysis business, the country shipped a record 1.975 million cubic metres of softwood logs overseas in March, up 22 percent from both the February level and from March last year. That beat the previous monthly record set in October last year and puts first quarter log exports 22 percent above last year's levels.<\/p>\n

New Zealand exported more logs to all its destinations during March, expect for Japan, India and South Korea.<\/p>\n

\"A stellar March for exports of NZ softwood logs broke previous records<\/em>,\" AgriHQ analyst Reece Brick said. \"Expectations are for the strength in this market to continue throughout 2018, with demand expected to pick up from India in the second half of the year.<\/em>\"<\/p>\n

The latest gains come after New Zealand shipped a record 18.8 million cubic metres of softwood logs overseas last year, up 18 percent on 2016, with exports to China jumping 29 percent and accounting for three-quarters of the total.<\/p>\n

AgriHQ said exports to China continued to grow in March, up 20 percent on year-earlier levels and marking 14 straight months of gains. He noted China's log imports in March were \"incredibly strong<\/em>\" this year as Chinese New Year celebrations, which typically lead to a slowdown, occurred in February.<\/p>\n

\"Any worries around a post-Chinese New Year log slump have been put to bed<\/em>,\" Brick said. \"In fact the past few weeks have been among the most encouraging in at least the past twelve months, arguably longer.<\/em>\"<\/p>\n

Log offtake levels at Chinese ports have rushed above previous record rates, with periods where more than 100,000 cubic metres a day has come off, with the average rate sitting around 90,000-95,000 cubic metres a day, he said. That has pulled port-level inventories down to 3.8-4.2 million cubic metres and it\u2019s very likely these figures will be even lower by this time next month.<\/p>\n

\"The combination of higher in-market pricing and the falling value of the New Zealand dollar against the greenback had pushed log export returns further towards record territory, although rising shipping rates had held back values a little<\/em>,\" Brick said.<\/p>\n

The average price for New Zealand A-grade export logs over the past month had lifted to US$144\/JAS from US$143\/JAS, and was ahead of US$130\/JAS a year ago, and US$113\/JAS two years ago, according to AgriHQ's monthly survey of exporters, forest owners and saw millers.<\/p>\n

The rates for shipping were firmer through April and there were mixed views on where shipping rates will track with some saying elevated oil prices pointed towards a lift while others believed there was enough spare shipping capacity across the globe to keep a lid on rates in the medium term.<\/p>\n

In the domestic market, the price for S1 logs lifted to $134 a tonne from $133 a tonne last month, according to AgriHQ's survey.<\/p>\n

\"As a whole, it is still one of the strongest periods ever to be a log trader,<\/em>\" Brick said. \"Export markets continue to keep domestic mills on their toes, making them pay near to what can be achieved overseas or simply miss out on supplies.<\/em>\"<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

New Zealand’s exports of softwood logs reached record volumes during March 2018. The shipments to most of the markets went up, while positive outcome is expected forward into the year. According to AgriHQ, NZX’s agricultural analysis business, the country shipped … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4715,4714],"tags":[3309,3382,3690],"class_list":["post-75753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-wood-industry-prices","tag-exports","tag-new-zealand","tag-softwood-logs","topic-forestry","topic-sawmilling","area-australia-and-pacific-region","area-china"],"acf":[],"yoast_head":"\nSoftwood logs exports from New Zealand reached record volumes in March<\/title>\n<meta name=\"description\" content=\"New Zealand's exports of softwood logs reached record volumes during March 2018. 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