Plummeting log prices aren't as bad as they're being made out
Word from within the industry that issues with logs piling up on Chinese wharves and a plummeting log price aren't as bad as they're being made out
9 July 2019
"A" grade logs have fallen from about 140 US dollars a tonne - to 110 US dollars.
PF Olsen is New Zealand's largest independent forest manager.
Sales and marketing director Scott Downs says the near four million cubic metres of logs sitting in Chinese Ports are within cooee of other years.
He says last year they were regularly over three and a half million and there was no issue because the Chinese use quite a lot of volume.
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