New Zealand

In-market log prices are reduced slightly this month. However demand is still strong as shipping prices have lowered. The in-market log price has lowered 1-2% for the products Agrifax monitors, however the cost of shipping in $/JASm³ has lowered 5-6%. Inventories

he Australian lumber market remains subdued due to limited building activity. This market is not expected to rebound in the short-term, therefore should not be relied upon by NZ lumber exporters.

New Zealand Exports

As the first country to implement a national level emissions trading system (ETS) that also includes a forestry component as part of its climate change strategy and meets New Zealand’s obligations under the Kyoto Protocol, NZ’s experience in developing this system warrants close attention.

Waikato Regional Council is writing to hundreds of forest owners in the region reminding them they need to register their forests by 31 March if they want to qualify for and claim Emissions Trading Scheme (ETS) New Zealand units under the first five-year sequestration period of the Kyoto Protocol