NZ export log prices hit new record on continued strong demand from China

Thu, 21 Dec 2017

By Tina Morrison Dec. 22 (BusinessDesk) - New Zealand export log prices edged higher to a new record, buoyed by continued strong demand from China, a weaker currency and historically low shipping rates. The price for A-Grade export logs reached $129 a tonne, up from $128 a tonne last month, and $127 a tonne the month earlier, marking the highest level since AgriHQ began collecting the data in 2008, according to the agricultural market specialist's monthly survey of exporters, forest owners and saw millers. All of the main log grades track...

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