Price recovery for New Zealand’s logs exports to China

Price recovery for New Zealand’s logs exports to China
New Zealand log prices in China have improved after slumping earlier in the year, restoring a little confidence to the sector. "A" grade logs last traded at US$112 per JAS metre after last month hitting a low of US$105/metre.    Logs landed on Chinese wharves this time last year were trading at US$140/metre, continuing what had been a five-year-long run of strong prices.    "Prices have improved a little in the China market," ANZ Bank rural economist Susan Kilsby told the Herald.    "Some ...

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