Log prices buoyed by Chinese demand

Kiwifruit export pallet orders have boosted domestic log demand. (Image: Zespri)

Fri, 01 Dec 2023

November's at-wharf-gate pricing for logs increased an average of $12 per Japanese Agricultural Standard cubic metre (JASm3) on the prior month, helped by steady Chinese demand, a more favourable dollar exchange rate and lower shipping costs.PF Olsen's director of sales and marketing, Scott Downs, said North Island prices had increased by an average of $10 while prices out of most South Island ports had improved more, although off a "lower base".The sale price for A-grade pine logs in China is about US$125-130 (NZ$202-210...

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