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Warnings China won't need NZ logs forever

Author
Newstalk ZB,
Publish Date
Wed, 10 Jul 2019, 7:42PM
There are growing concerns about declines in New Zealand's third biggest export market. Photo / Getty Images

Warnings China won't need NZ logs forever

Author
Newstalk ZB,
Publish Date
Wed, 10 Jul 2019, 7:42PM

There are warnings China won't need New Zealand’s logs forever.

The profitability of the government's billion trees programme is being called into question as the price of "A" grade logs falls from about 140 US dollars a tonne to 110.

CEO of forestry investor Red Stag Group Marty Verry told Heather du Plessis Allan if we're only selling to China, eventually it won't be worth it to chop down the trees.

“We are not the only country with a billion trees policy, and they are all targeting China. Its unrealistic to expect the demand will be there in 25 to 30 years time.”

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