Due to the current ban on all Australian softwood imports into the country, a monthly supply gap of about 400,000 cubic meters has been created, accounting for about 10% of the total domestic imports.
This gap is likely to be filled by New Zealand timber companies. The global recurrence of the coronavirus pandemic and the global shortage of container freight will reduce the supply of European logs, because most European logs arrive in the country in the form of containers.
In January, the export price of Grade A logs at most ports in New Zealand rose to more than USD 140/JAS. Although it was not as high as USD 150/JAS in the month after first lockdown in 2020, it was still higher than the average price of USD 126/JAS over the past three years.
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