Falling log prices may make some woodlots unprofitable - ANZ

Falling log prices may make some woodlots unprofitable - ANZ
Rebecca Howard
By Rebecca Howard July 8 (BusinessDesk) - In-market prices for logs in China - New Zealand's largest export market - have fallen in recent weeks and ANZ Bank warns the drop will make the harvest of some woodlots unprofitable. While some price softening is not unusual at this time of year as construction activity slows in the hot months, "the scale of the correction was unexpected," said ANZ agriculture economist Susan Kilsby. The price of an A-grade log landed in China has fallen from US$130/JAS cubic-metre in early June to approximate...

More Primary Sector

Rayonier exits NZ with $1.2b forestry sale
Primary Sector

Rayonier exits NZ with $1.2b forestry sale

An investment firm bought the stake, which included 116,145 hectares of forestry.

Wools of NZ reaches profitability
Primary Sector

Wools of NZ reaches profitability

A $1.4 million loss has turned into a profit.

Staff reporters 13 Mar 2025
Grasslanz Technology supreme winner at science awards
Primary Sector

Grasslanz Technology supreme winner at science awards

The company's ryegrass-protecting technology has an estimated economic value of $3.6b.

Staff reporters 13 Mar 2025
Fonterra's management reshuffled
Primary Sector

Fonterra's management reshuffled

Richard Allen has had his ingredients remit expanded.

Riley Kennedy 12 Mar 2025