NZ export log prices jump higher on low shipping rates, currency decline

Sun, 24 Jan 2016

By Tina Morrison Jan. 25 (BusinessDesk) - New Zealand export log prices jumped higher this month, as falling oil prices pushed down shipping rates while a decline in the kiwi dollar made the country's goods more attractive to overseas buyers. The average wharf-gate price for New Zealand A-grade logs rose to $115 a tonne in January, from $104 a tonne in December, 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, remained stable at...

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