Despite a strengthening NZD, the At Wharf Gate (AWG) prices for New Zealand exported logs in May increased an average of $13 per JASm3 from April prices. The price for A grade logs at the start of May was about 183 USD per JASm3. In mid-May the prices are now around 185 USD per JASm3. The rate of increase in log prices has slowed with some mills in China now struggling with the higher log prices. Log prices were relatively unchanged as prices are predominantly fixed for Quarter 2. There is ...
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