China trade distorts log costs for local processors, MPs told

China trade distorts log costs for local processors, MPs told
Gavin Evans
Prices for New Zealand logs have been “highly distorted" by the country’s trade with China and do not represent a fair international price, MPs were told yesterday. Government proposals to ensure a more reliable log supply for domestic mills were a reasonable first step but subsidised log buying by China had to be addressed, Wood Processors and Manufacturers Association chief executive Jon Tanner said. The government’s own data shows log prices here were up to twice that of equivalent logs in other parts of the world, Tanner told Parliame...

More Primary Sector

Pāmu lifts guidance as milk price, production rises
Primary Sector

Pāmu lifts guidance as milk price, production rises

State-owned farm operator now expects profit of between $25m and $40m.

Riley Kennedy 22 Nov 2024
Waiū Dairy still backed despite write-down
Primary Sector

Waiū Dairy still backed despite write-down

Māori Investments among Kawerau processor's largest shareholders.

Riley Kennedy 22 Nov 2024