New Zealand: Log export prices hit lowest level in nearly a year

New Zealand's export log prices have experienced a significant decline, reaching their lowest point since July last year. There was a decrease of an average of $22 per JASm3 at Wharf Gate (AWG) prices for export logs in May after decline $20-25 per JASm3 in April. The drop in prices can be attributed to several factors. The CFR log sale price in China for New Zealand pine A grade has plummeted to a range of 108-115 USD per JAS m3. While softwood inventory and log demand in China have remained stable, the anticipated increase in construction ...