NZ export log prices drop to 7-month low as higher currency bites

Mon, 25 Jul 2016

By Tina Morrison July 25 (BusinessDesk) - New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns. The average wharf gate price for New Zealand A-grade logs dropped to $114 a tonne in July, from $116 a tonne in June, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. That's the lowest level since December's $104 a tonne. The in-market price of A-grade logs in China declined to US$117/JAS (Japanese Agriculture and F...

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