NZ log prices remain subdued due to global uncertainty

November in New Zealand usually signals the start of increased harvesting activity as more favourable weather supports higher productivity, and seasonal log prices typically edge upward. This year, however, the outlook appears more subdued. Despite the usual seasonal expectations, the likelihood of a significant price uplift this quarter is limited. At the Southern North Island ports, the A-grade short log price stands at around USD 125/m³, up only marginally—about a dollar month-on-month since August—continuing a soft upward trajectory. This small increase is largely a reflection of the NZ dollar weakening against the US ...