TITLE

A semblance of market confidence

AUTHOR(S)
Laurie, Allan
PUB. DATE
February 2009
SOURCE
New Zealand Tree Grower;Feb2009, Vol. 30 Issue 1, p32
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article looks at the market performance of the forest products sector in New Zealand. From November 2008 to January 2009, export log prices rose to a 10-year high between $10 and $15 per cubic metre. Export destinations were filled with sustained supply and decreasing demand for wood. Due to reducing demand, spot rates went down below U.S.$25. To address this, companies have decided to introduce spot rate and fixed rate vessels. Sawmills also experienced a decline as several of them have decided to temporarily close down.
ACCESSION #
37013664

 

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