NZ export log prices jump to 9-month high on Chinese demand; slowdown looms

NZ export log prices jump to 9-month high on Chinese demand; slowdown looms
Tina Morrison
By Tina Morrison Dec. 21 (BusinessDesk) - New Zealand export log prices jumped to a nine-month high amid steady inventories and stronger demand from China, the country's largest market. The average wharf-gate price for New Zealand A-grade logs rose to $104 a tonne in December from $92 a tonne in November, marking the highest level since March, 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 97.11 from 92.51, its highe...