NZ export log prices hold steady in March amid improved demand, higher shipping costs

Sun, 17 Apr 2016

By Tina Morrison April 18 (BusinessDesk) - New Zealand export log prices held steady this month as improved demand offset an increase in shipping costs. The average wharf gate price for New Zealand A-grade logs was unchanged at $119 a tonne in April, from March, according to AgriHQ's monthly survey of exporters, forest owners and sawmillers. The in-market price of A-grade logs in China, New Zealand's largest market, advanced to US$111/JAS from US$107/JAS last month as demand picked up following a slowdown in activity during the Chines...

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