Forestry is delivering a massive economic benefit to the Gisborne region in New Zealand and, with an expected boom in log exports, by 2020 one in 10 people could earn a living from the sector, according to a new economic study.
WWF’s Living Forests Report forecasts a tripling of wood consumption in society by 2050 due to rising population and demand
By 2050, rising population and demand, as well as an increase in use of wood for bioenergy, could triple the amount of wood society takes from forests and plantations per year, according to the latest instalment of WWF's Living Forests Report .
On Tuesday, real estate and timberland management company Rayonier announced it is selling one of its four operating divisions, its wood products division, to Vancouver, Canada-based International Forest Products Limited (Interfor).
With their recent burst of enthusiasm Chinese buyers are now feeling more positive about 2013 prospects, with the common perception that the newly announced Government Leaders have little choice but to modestly stimulate the economy while new policy is put in place.
US lumber markets are finding good support from the US housing recovery. Housing starts are continually increasing and turning into real demand for timber. Saw mills in the US have been burned by predicting housing recovery in the past, and as such have held back from increasing production.