Log export prices down, but kiwifruit could prop up local demand

Log export prices down, but kiwifruit could prop up local demand
Brent Melville
Wharf gate returns 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. It was better news for forestry companies, however, on the local front, on the back of demand for wooden posts and poles from export growth in the expanding kiwifruit sector, which uses Douglas...

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