NZ log volumes hurt by recent stormy weather

Sun, 23 Apr 2017

By Tina Morrison April 24 (BusinessDesk) - New Zealand log supply will likely be curbed by recent stormy weather, as cyclones dented local production and disrupted sea freight. "Rain and wind from the ex-Cyclones Debbie and Cook lashed the central and lower North Island in the past fortnight, slowing production rates and causing damage to trees," AgriHQ analyst Reece Brick said in his monthly forestry market report. "This should slow offerings to the market, but will obviously only benefit those not impacted by the weather." AgriHQ's B...

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