With record high prices in the traditionally slow months of June and July now, New Zealand log export prices have dropped from $NZ170/JAS for A grade to sub $NZ120/JAS in October. Lockdown in NZ allowed most ports to completely cleanout all log stocks, however after little more than a month back at work, most ports are bulging at the seams again. With 2-3 week wait times to discharge in Chinese ports, there’s approximately 3 months production already in the supply-chain so its unlikely that any reductions in sales prices will result ...
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