Supply and demand in China, New Zealand’s major export log market, appears to be reaching a balance. As such, in-market prices for New Zealand logs in China and Korea have slowed from the rapid rises witnessed through September and October.
A major Japanese bank has come back for a second helping of New Zealand forestry credits. The deal, finalised last week, is being seen as a positive step in the developing international market for New Zealand’s forestry credits.
Statement of principles catalyst for Tasmanian pulp mill project
Australian forest company Gunns Ltd, which is planning to build a new giant pulp mill on the Australian island of Tasmania, possibly in collaboration with Swedish Södra, welcomes a historic forest statement of principles, which was announced yesterday.