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Forest industry experience difficult start to 2020

Posted on March 9, 2020

In January, At Wharf Gate (AWG) prices for export logs fell dropped to 11 NZD per JAS m³ due to slow demand in China.

Log supply from New Zealand started to decline as smaller forest owners suspended harvesting and big forest owners reduced production volumes. 

The supply of spruce into China from Europe also weakened due to a shortage of containers and Covid-19 disruptions to the supply chain.