NZ log market getting 'nervy' over US-China trade stoush, AgriHQ says

Fri, 27 Jul 2018

By Tina Morrison July 27 (BusinessDesk) - New Zealand's booming export log market is starting to catch the jitters as concerns mount about the impact of US President Donald Trump’s trade war. Demand for New Zealand logs has been strong over recent years as local sawmills compete with the export market to source logs for local construction, at a time when demand in China has stepped up after Asia's largest economy clamped down on the harvesting of its own forests and reduced tariffs on imported logs to meet demand in its local market. Howe...

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