While most industry insiders were expecting flat or slightly export prices for May, New Zealand log export prices rose at around $10/JAS above April levels. This raises the price of NZ A grade logs to $160’s/JAS which is the highest since the extremely short price spike of ’93. The reason is not just low shipping costs or foreign exchange rates, it’s purely a supply and demand imbalance situation caused by strong demand in China and poor supply from other regions. New Zealand log exporters had a record supply ...
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