Monthly market report - July 2026 [NZ]Friday 31 Jul 2026
Both markets hold a ‘tread with caution’ warning, and it is certainly time to be happy with our lot and not push on price or volume. Weather events and the market generally, has seen a lower harvest rate in NZ and that is certainly needed to give both markets a breather. It is extremely disappointing to see one exporter pushing volume in to India without sales contracts and LC’s in place. Those logs are now sitting in bond in Kandla with more on the way. This may yet have a debilitating impact on log prices in what otherwise remains a fragile market at present. The India Free Trade Agreement is the hot topic at present with NZ Forestry said to be a big winner. I thought readers might be interested to learn more about this increasingly important market for NZ. There is the usual plethora of misinformation about the opportunities in India. I can assure readers realising any opportunities will not be a cake walk. One of the largest challenges lies in developing strategic long-term relationships with India companies. The strategic fundamentals include honesty, integrity and a strong desire to see everyone make a profit. In my view, these need to be the three guiding principles. If I look at the history of the NZ log trade with India to date, I see many examples where the 3 guiding principles on both sides have been sadly lacking. The one thing to know about dealing with the India trade is there are many who want a slice of the action. There are even more who give little or no regard for everyone being sustainably profitable. Thus, any trade with India, must be approached with great caution and a great deal of research and investigation to ensure the people you are dealing with hold tight to, and believe in, the 3 guiding principles. More >> Source & image credit: Laurie Forestry  | ||
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