TITLE

The market is tough and we are not breaking any of the right records

AUTHOR(S)
Laurie, Allan
PUB. DATE
August 2008
SOURCE
New Zealand Tree Grower;Aug2008, Vol. 29 Issue 3, p33
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article presents a market update on the forest industry in New Zealand. Some of the larger North Island sawmills continue to hold huge inventories of timber as sales are still not matching cutting capacity. Meanwhile export log prices are starting to rise in reaction to some better settlements. The export log market for August and September 2008 are looking to improve U.S.$4 to $5 a cubic metre. The improvements are expected to continue through into the fourth quarter of the year. Also, the overall demand for logs into China and Korea is expected to exceed supply by about 150,000 cubic metres a month.
ACCESSION #
34155240

 

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