The At Wharf Gate (AWG) prices for New Zealand exported logs increased an average of $7 in January and $27 in February. The large AWG price increase in February was due to a combination of increased sale prices in China, an easing of shipping costs and a weakening of the NZD against the USD. The CFR sale price in China that bottomed at 130-135 USD per JASm3 for A grade in December, is now above 160 USD in late February. Shipping costs, however, are also rising again. The February PF Olsen log price index of ...
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