New Zealand log export prices rise in November

The November AWG prices for New Zealand's exported logs increased an average of $12 per JASm3 from October prices. North Island prices increased about $10 while prices in most South Island ports increased more, albeit from a lower base. Log demand in China continues to remain steady with log inventory at extremely low levels. The AWG price increases were due to a mixture of a weaker NZD against the USD, slightly lower shipping costs and increases in sale prices in China. New Zealand’s domestic demand for sawn timber has had a post-election boost with an increase ...