NZ export log prices firm in October, bolstered by low shipping rates, Chinese demand

Mon, 24 Oct 2016

By Tina Morrison Oct. 25 (BusinessDesk) - New Zealand export log prices firmed in October, aided by low shipping rates and solid demand from China, the country's largest export market. The average wharf gate price for New Zealand A-grade logs advanced to $113 a tonne in October, from $111 a tonne in September, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. Forest products are New Zealand's third-largest commodity export group behind dairy and meat products, and returns to New Zealand growers are infl...

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