New Zealand’s log export prices firm as sales to China pick up

Prices for New Zealand log exports are slowly improving, but a forestry consultant says the sector must find new international markets to reduce its reliance on China. Export prices have firmed this month, with sales to New Zealand's largest customer, China, picking up - despite its post-Covid construction slowdown. November prices rose $9 on October, approaching NZ$110 per Japanese Agricultural Standard metre-squared at the wharf gate of South Island ports, and $5-10 more for North Island exporters. Sales are solid for log exporters. New Zealand exports to China have been dropping. Log, wood ...