Sawlog prices in New Zealand at 15 year high because of record log exports to China

Global Timber and Wood Products Market Update - a news brief from Wood Resources International LLC New Zealand’s log exports to China account for one-third of the country’s timber harvest in 2011, reports the Wood Resource Quarterly Log exportation from New... More

Global Timber and Wood Products Market Update - a news brief from Wood Resources International LLC New Zealand’s log exports to China account for one-third of the country’s timber harvest in 2011, reports the Wood Resource Quarterly Log exportation from New Zealand continues to rise at a record pace, with almost onethird of the country’s timber harvest being processed at sawmills in China. The high demand for logs from overseas has increased domestic sawlog prices to their highest levels in 15 years, according to the Wood Resource Quarterly. Seattle, USA. Log exports from New Zealand in 2011 are set to reach a new record high. During the first eight months, total shipments were 25 percent higher than the same period last year (54 percent higher by value) and total exports for 2011 may reach as high as 13 million m3, which is more than a doubling from just three years ago. It is worth noting that almost half of the timber harvest in the 2Q was shipped overseas in log form and that Less