NZ structural log prices rise to 24-year high, A-grade export logs hit record

Thu, 23 Nov 2017

By Tina Morrison Nov. 24 (BusinessDesk) - New Zealand structural log prices rose to the highest level in 24 years and A-grade export logs hit a record as local mills compete with the export market to secure supply for the domestic construction market amid strong demand from China. The price for structural S1 logs increased to $130 a tonne this month, from $128 a tonne last month, marking the highest level since 1993, according to AgriHQ's monthly survey of exporters, forest owners and saw millers. Export log prices lifted between $2-to-$5...

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