NZ export log prices weaken as higher kiwi dollar bites

Sun, 23 Jul 2017

By Tina Morrison July 24 (BusinessDesk) - New Zealand export log prices generally declined over the past month as a gain in the New Zealand dollar made the country's products less competitive. Most grades of New Zealand unpruned logs weakened by between $1-to-$3 a tonne, with A-grade logs falling to $124 a tonne, from $127 a tonne the previous month, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. Export pruned logs bucked the trend, edging up to $164 a tonne from $163 a tonne. Nearly all the weakness ste...

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