Export log prices in October remained stable compared with September, with average wharf gate (AWG) prices unchanged. CFR prices in China have shown little movement, while shipping costs have also stabilised aside from short-lived increases earlier in the month. The weaker New Zealand dollar (NZD) against the US dollar (USD) continues to provide some support to export returns. Demand in both China and India remains subdued, partly due to seasonal slowdowns during the Mid-Autumn and Diwali festivals. Log inventories at Chinese ports have stayed steady around 2.4–2.55 million m³ — equivalent to about 40 days ...
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