NZ roundwood log prices jump to a record on demand from construction, horticulture industries

Sun, 19 Feb 2017

By Tina Morrison Feb. 20 (BusinessDesk) - Strong domestic building activity combined with buoyant horticulture and viticulture industries has pushed up the price of roundwood logs to a record. The average price for roundwood logs rose to $90 a tonne in February, up $5 from January's average price and at the highest level since AgriHQ began collecting the data in early 2002. New Zealand local councils approved consents for 29,970 new dwellings last year, up 10 percent from the previous year, as record net migration and low interest rate...

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