The cost of logs from New Zealand rose a little in October. This however did not affect exports to China, the largest importer of New Zealand Logs.
The reason for the continued growth in exports was the low shipping costs combined with low exchange rates. It is expected that as a result of China’s continued demand that export levels and prices will remain sold.
The only product for which the price dropped was pruned logs. Having said that China was N.Z’S biggest customer their interest in pruned los has waned meaning that they are now earmarked for the domestic market.