NZ export log market hurt by US trade war with China

Wed, 26 Sep 2018

By Tina Morrison Sept. 27 (BusinessDesk) - New Zealand's export log market took a hit from the trade dispute between the US and China as the declining value of the yuan crimps the buying power of the country's largest log market. The average price for New Zealand A-grade export logs dropped to US$133/JAS from US$141/JAS in August, and US$145/JAS in July, and is now the lowest since June 2017, according to AgriHQ's Forestry Market Report for September. "The Chinese log market has again dominated talk in the NZ forestry industry amid it...

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