Structural log prices in New Zealand reach the highest level in 24 years, while A-grade export logs hit a new record. Thus, the local sawmills started to compete with the export market as to secure the supply for the domestic construction market amid strong demand from China. The price for structural S1 logs increased to $130 a tonne this month, from $128 a tonne last month, marking the highest level since 1993, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. ...
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