NZ log prices hit new record highs on buoyant demand

Mon, 20 Mar 2017

By Tina Morrison March 21 (BusinessDesk) - Buoyant New Zealand activity has pushed up local log prices to new record highs. The average price for roundwood logs used in the horticulture sector rose to $92 a tonne in March, up $2 from February's average price and at the highest level since AgriHQ began collecting the data in early 2002, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. Structural log prices also increased, with S3 logs hitting $114 a tonne, the highest since AgriHQ began collecting the data...

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