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

Fri, 10 Oct 2014

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...

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