NZ structural log prices hit highest level in more than two decades

Mon, 19 Jun 2017

By Tina Morrison June 20 (BusinessDesk) - New Zealand structural log prices have hit their highest level in more than two decades as local mills compete with the export market to secure supply to meet demand from the domestic market. The price for structural S1 logs lifted to $124 a tonne this month from $123 a tonne last month and $114 a tonne at the same time last year, reaching the highest price for the grade since April 1994, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. "The New Zealand domesti...

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