The prices for New Zealand export logs increased an average of $6 in March. Reduced log supply to China has maintained price increases, but increasing shipping costs, a strengthening NZD and other external factors mean an increased downside risk for AWG prices in New Zealand. The PF Olsen log price index increased $4 in March to $128 which is $5 above the two-year average, $7 above the three year-average and $4 above the five-year average. The slowdown we've seen in New Zealand log exports ...
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