NZ export log prices slip on higher shipping rates, weak overseas demand
By Tina Morrison March 21 (BusinessDesk) - New Zealand export log prices slid this month as shipping rates edged up on higher oil prices and amid weak demand in overseas markets. The average wharf-gate price for New Zealand A-grade logs declined to $119 a tonne in March, fr...
NZ dollar weakens as traders deem US dollar decline was overdone
By Tina Morrison March 21 (BusinessDesk) - The New Zealand dollar weakened as traders deemed the US dollar had been oversold following the Federal Reserve's decision last week to pull back its plans to hike interest rates. The kiwi was trading at 67.96 US cents at 8am in We...
World Week Ahead: Reading the Fed’s tea leaves
By Margreet Dietz March 21 (BusinessDesk) - Several Federal Reserve officials will add context in the days ahead, and perhaps greater clarity for investors, on the central bank’s revised path to higher US interest rates. Richmond Fed President Jeffrey Lacker is on...
NZ wool prices mixed with volumes seen declining near season end
By Tina Morrison March 18 (BusinessDesk) - New Zealand wool prices were mixed at auctions across both islands this week as volumes taper off in the last double selling event for the season. Crossbred second-shear wool, of between 36 to 39 microns, was generally steady to 3....
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