New Zealand export log prices lift in October, underpinned by lower kiwi

Thu, 16 Oct 2014

By Tina Morrison Oct. 16 (BusinessDesk) - New Zealand export log prices lifted for the third month, as a weaker kiwi boosted local currency returns. The average wharf gate price for New Zealand A-grade logs rose to $95.7 a tonne, from $87.6 a tonne in September, according to Agrifax's monthly survey of exporters, forest owners and sawmills. The Agrifax Log Price Indicator, which measures average log prices weighted by grade, advanced to 91.5 from 87.9 in September. New Zealand returns are being bolstered by a drop in the value of the N...

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