NZ export log prices jump to 7-month high on pick up in Chinese demand

Fri, 20 Nov 2015

By Tina Morrison Nov. 20 (BusinessDesk) - New Zealand export log prices jumped to a seven-month high in November as demand picked up in China, the country's largest market. The average wharf gate price for New Zealand A-grade logs rose to $92 a tonne from $83 a tonne in October, marking the highest level since April, 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 92.51 from 88.41 last month. Log prices increased s...

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