New Zealand log export prices rise in January and February

At Wharf Gate (AWG) prices for New Zealand export logs increased $7-$8 per JASm3 in both January and February. Log demand in China has not increased as much as expected after the Lunar New Year, but there will be significantly reduced log supply from New Zealand due to several severe weather events across the top half of the North Island. This will likely increase price pressure for logs in China.  The domestic demand for logs is weakening as building projects are cancelled or delayed.  The PF Olsen Log Price Index increased $4 in both January and February to ...