Sharp drop in New Zealand log export prices in October

Sharp drop in New Zealand log export prices in October
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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