NZ export log prices fall to 7-month low as Chinese inventories build

Fri, 01 May 2015

By Tina Morrison May 1 (BusinessDesk) - New Zealand export log prices fell to a seven-month low as high inventories on Chinese ports dent demand in the country's largest market. The average wharf gate price for New Zealand A-grade logs fell to $94 a tonne in April, from $106 a tonne in March, the lowest level since September, according to AgriHQ's monthly survey of exporters, forest owners and sawmillers. The AgriHQ Log Price Indicator, which measures average log prices weighted by grade, fell to 93.29 from 96.58 in March. The price fo...

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