New Zealand log prices continue to rise, sawn timber may be sold to Asia at a discount

In March, the export price of New Zealand logs rose by 14%, an increase of US$18 per JASm³. The March PF Olsen Log Price Index increased $8 to $135, which is the highest since July 2021. The index is now $12 above the two-year and $11 above the five-year average. It seems that the main reason for the increase in log prices in New Zealand is still the shortage of log supply. As the severe weather has had a major impact on northern New Zealand, log plantations such as radiata pine have been damaged in ...