Ugly log export sector and domestic slow-down

Laurie, Allan
May 2008
New Zealand Tree Grower;May2008, Vol. 29 Issue 2, p26
The article discusses the status of New Zealand's domestic economy and the log export sector. It states that there are 48 logging crews that have been ruined, a major North Island sawmilling company is reported to have 350,000 cubic metres of unsold sawn lumber stacked in yards, and a major North Island forest owner has closed the forest gate on more than 400,000 tonnes a year. Handy size vessels earn U.S.$30,000 to $35,000 per day for spot rates. The central North Island region has a reduced pruned log value.


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