NZ forest owners cutting back on harvest amid tumbling log prices

Author
Newstalk ZB,
Section
Audio,
Publish Date
Tuesday, 9 July 2019, 6:20PM
Forest logging crews are expected to be laid off after a slump in log prices. Photo / NZ Herald

New Zealand forest owners are cutting back on their harvest on the back of tumbling log prices.

Cheaper logs from Russia and Scandinavia are flooding into China, leaving Kiwi logs piling up on Chinese wharves.

"A" grade logs have fallen from about 140 US dollars a tonne - to 110 US dollars.

Collapsing demand in China for New Zealand logs, combined with economic effect of the trade war between China and the United States have been pointed to as two of the main reasons behind the price fall.

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