NZ export log prices hit new record on strong Chinese demand

Mon, 29 Jan 2018

By Tina Morrison Jan. 30 (BusinessDesk) - New Zealand export log prices advanced to a new record, driven by continued strong demand from China, lower shipping rates and a favourable currency. The price for A-Grade export logs lifted to $131 a tonne from $129/t last month, 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. The average export price for pruned logs jumped to $176/t from $170/t last month and ma...

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