Buoyant housing demand elevates structural log prices to 22-year high in 2016

Sun, 18 Dec 2016

By Tina Morrison Dec. 19 (BusinessDesk) - Buoyant residential building activity has pushed up the average price for top structural logs this year rise to the highest in more than two decades. The average price for structural S1 logs in the domestic market held at $117 a tonne in December, the highest level since June 2014, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. S1 logs averaged $113/t this year, the highest level since 1994 when it averaged $118/t, AgriHQ said. Record high net migration and lo...

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