Domestic demand for logs and sawn timber in New Zealand remains strong with many mills operating extra shifts to increase supply. NZ's sawmillers in general are quite optimistic. CFR sale prices for logs in New Zealand’s main log export destination China increased an average of 8 USD per JASm3 over the last month. However, increased ocean freight costs and the strengthening NZD against the USD meant At Wharf Gate (AWG) log prices received by NZ's forest owners only increased by about 4 NZD per JASm3. As China approaches its ...
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