Raiders of NZ's logs: Consumers will pay for timber crisis

Raiders of NZ's logs: Consumers will pay for timber crisis
In calendar 2019, 35,898,790 tonnes of logs were produced in New Zealand with 13,847,610 of those processed here.
Rebecca Stevenson
Consumers will pay the price for New Zealand’s failure to deal with unfair trading conditions in the global log market, the Wood Processors and Manufacturers Association says.Chief executive Jon Tanner (pictured below) said the current supply crunch and decision by NZ’s largest supplier of structural timber, Carter Holt Harvey, to cut off ITM, Mitre10 and Bunnings is a result of mostly Chinese buyers paying inflated prices for logs backed by government subsidies.BusinessDesk revealed on Friday that Carter Holt Harvey had halted supp...

More Infrastructure

AI is a humungous electricity hog. That’s great
Infrastructure

AI is a humungous electricity hog. That’s great

Who better to drive clean-energy investment than some of the world’s biggest firms?

Fast-track ‘stakeholders’ list released
Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 19 Apr 2024
Sniffing the breeze on the next four months
Economy

Pattrick Smellie: Sniffing the breeze on the next four months

A soon-to-be international absconder ponders what he'll find on return to NZ.

Pattrick Smellie 19 Apr 2024
Christchurch council wants $47m more from its trading companies
Infrastructure

Christchurch council wants $47m more from its trading companies

“There is no more money to go around,” CCHL chair says.

Oliver Lewis 18 Apr 2024