Prices for New Zealand logs are 12 percent below the five- year average on the back of overstocking, the summer slowdown in China and as spruce logs are being ''dumped'' into Asia from Europe. This has seen higher volumes of logs stocked on wharves in China with prices easing, particularly following a surge in exported NZ logs post lockdown. Scott Downs, director of sales and marketing at PF Olsen reports that log inventories had risen by 300,000- to-500,000 cubic metres over the past month, with at-wharf-gate prices ...
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