NZ log export log prices lift on Chinese buying, lower kiwi, lower shipping

NZ log export log prices lift on Chinese buying, lower kiwi, lower shipping
By Tina Morrison Oct. 10 (BusinessDesk) - New Zealand export log prices have lifted from a two-year low as Chinese importers resume buying and local returns are bolstered by a decline in the New Zealand dollar and cheaper shipping costs. The average wharf gate price for New Zealand A-grade logs fell to $76 a tonne in July, the lowest since April 2012, but have since recovered to $80 a tonne in August and $88 a tonne in September, according to Agrifax's monthly survey of exporters, forest owners and sawmills. This month's survey, which is...