NZ export log prices fall in June on stronger currency and higher shipping costs

Tue, 28 Jun 2016

By Tina Morrison June 28 (BusinessDesk) - New Zealand export log prices slid to a five-month low in June as returns were hurt by a stronger local currency and an increase in shipping costs. The average wharf gate price for New Zealand A-grade logs dropped to $116 in June, from $120 a tonne in May, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. That's the lowest level since January's $115 a tonne. Shipping costs to China, the country's largest log export market, rose this month to US$16.20/JAS, from U...

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