NZ export log prices rise in June as demand improves in China

Fri, 19 Jun 2015

By Tina Morrison June 19 (BusinessDesk) - New Zealand export log prices rose from a three-year low this month, helped by a decline in the kiwi dollar and increased demand in China, the country's largest market. The average wharf gate price for New Zealand A-grade logs increased to $86 a tonne from $83 a tonne in May, snapping three months of declines, according to AgriHQ's monthly survey of exporters, forest owners and sawmillers. The AgriHQ Log Price Indicator, which measures average log prices weighted by grade, rose to 89.38 from 88.40...

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