NZ export log prices edge up from eight-month low in September

Mon, 19 Sep 2016

By Tina Morrison Sept. 19 (BusinessDesk) - New Zealand export log prices edged up from an eight-month low in September as demand, shipping rates and the currency remained relatively stable. The average wharf gate price for New Zealand A-grade logs edged up to $111 a tonne in September, from an eight-month low of $110 a tonne in August, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. The price is 35 percent ahead of the same period last year. "Export log returns look to have stabilised following the wea...

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