Domestic demand for New Zealand logs and sawn timber remains strong with domestic sales of sawn timber exceeding projections.
The November AWG prices for export grade logs increased by 1-2 NZD per JASm3 from October prices. Market indicators for New Zealand logs in China are very good with solid demand, reducing inventory levels, and reduced supply from other countries. Log stocks will likely build in a quiet India with increased log supply.
Solid Chinese demand for New Zealand logs; prices on the rise
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