TITLE

Ugly log export sector and domestic slow-down

AUTHOR(S)
Laurie, Allan
PUB. DATE
May 2008
SOURCE
New Zealand Tree Grower;May2008, Vol. 29 Issue 2, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
32700151

 

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