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Australian softwood log export prices fell by 29.3% in May
Posted on August 4, 2023 |
In May, Australia’s softwood log export prices fell by 29.3%.
91% of the country’s softwood exports went to India from several Australian states in April.
India dominates Australia's softwood exports, accounting for 95% of the total.
Vietnam and South Korea receive 4% and 1% of the exports, respectively.
Most of Australia's softwood exports went to China before the ban, with over 99% of the market share.
In May 2023, exports to India fell by 30.2% to AUDFob97.30 per m³ from April and 3.8% lower than in 2022.
In May 2023, Australia’s total exports of softwood logs fell by 42% to 0.456 million m³ compared to 2022.
In the same period, Australia’s hardwood log exports reached 9,781 m³, a drop from 30,676 m³ in April.