Going against the flow, a tender seeks to buy forestry NZUs

For foresters, there is upside and downside risk to the tender. (Image: Depositphotos)

Tue, 08 Aug 2023

A tender has been opened to buy forestry-generated New Zealand Units at their average secondary market price up to December. This comes at a time when there is great uncertainty about the status of the units and carbon prices going forward.Investment and advisory group Jarden is running the tender over this week on behalf of an unnamed buyer.Head of commodities at Jarden, Nigel Brunel, said the tender might help to give some confidence to foresters concerned about what their New Zealand Units (NZUs, a proxy for a tonne of carbon absorbed)...

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