Waitomo Group Chief Executive Simon Parham says global supply is increasing, while demand is decreasing.

He says prices are going to hover about where they are, creating a period of good value for Kiwi consumers.

>> More Motoring News

Other Motoring News

15 Dec: One person was killed and another seriously injured, after their vehicle was hit by an alleged fleeing driver south-east of Hamilton last night

15 Dec: The Motor Trade Association is coming out against proposed changes to the warrant of fitness scheme

15 Dec: A 501 deportee has been sentenced to prison for two separate violent attacks on Auckland bus drivers

14 Dec: Praise for NZTA for choosing to build a new two lane bridge being built on State Highway 2, in Eastern Bay of Plenty

14 Dec: Hawkes Bay Police are urging the public to keep their homes and vehicles secure - with a spike in the number of diesel thefts in rural Hastings

13 Dec: British porn star Bonnie Blue deported from Bali after 'Bang Bus' case

12 Dec: The bus sector says violence on buses isn't rising, and Monday's fatal attack on an East Auckland bus is an extremely rare event

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