NZ export log prices increase in October as Chinese inventories decline

Tue, 20 Oct 2015

By Tina Morrison Oct. 20 (BusinessDesk) - New Zealand export log prices increased this month as inventories reduced on Chinese ports on lower volumes and a pick up in demand. The average wharf gate price for New Zealand A-grade logs rose to $83 a tonne from $82 a tonne in September, according to AgriHQ's monthly survey of exporters, forest owners and sawmillers. The AgriHQ Log Price Indicator, which measures log prices weighted by grade, increased to 88.41 from 87.83. Prices for New Zealand export logs are largely determined by China,...

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