NZ export log prices hit 3-year low; may start picking up as demand improves

Mon, 18 May 2015

By Tina Morrison May 19 (BusinessDesk) - New Zealand export log prices, which fell to a three-year low this month, may start to pick up as demand improves in China, the country's largest market. The average wharf gate price for New Zealand A-grade logs fell to $83 a tonne in May, from $94 a tonne in April, marking the lowest price since May 2012, 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, dropped to 88.40 from 93.29 i...

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