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Primary Sector

Falling log prices may make some woodlots unprofitable - ANZ

Rebecca Howard
Mon, 08 Jul 2019

By Rebecca Howard July 8 (BusinessDesk) - In-market prices for logs in China - New Zealand's largest export market - have fallen in recent weeks and ANZ Bank warns the drop will make the harvest of some woodlots unprofitable. While some price softening is not unusual at this time of year as construction activity slows in the hot months, "the scale of the correction was unexpected," said ANZ agriculture economist Susan Kilsby. The price of an A-grade log landed in China has fallen from US$130/JAS cubic-metre in early June to approximate...

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