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Wood Matters

Log Market - November

Due to the increase in export log prices the PF Olsen Log Price Index increased by $1 in November to $120. The index is currently $1 below the two-year average, $4 below the three-year average, and $3 below the five-year average.

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Forestry and the Emissions Trading Scheme

A joint bid by the New Zealand Exchange (NZX) and the European Energy Exchange (EEX) has been selected to build and operate the government’s auction service for the New Zealand Emissions Trading Scheme (NZETS). Development of the auction platform is expected to be completed by the first scheduled auction in March 2021.

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Log Market - October

Domestic demand for logs and sawn timber remains strong with regional differences in log supply and demand due to previous mill closures, and increased harvest volumes in the better weather conditions.

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Log Market - September

Domestic demand for logs and sawn timber remains strong with many mills operating extra shifts to increase supply. Saw millers in general are quite optimistic.

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Economic impacts of forestry

Forestry and farming are not mutually exclusive land uses at the strategic level and New Zealand needs both functioning in their place to improve economic resilience and biodiversity.

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Log Market – August

Domestic demand for logs and sawn timber remains strong while the longer-term forecasts are uncertain. New Zealand sawmillers are “cautiously optimistic” about the future.

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Forestry and the Emissions Trading Scheme

After seeing NZU prices fall by almost a dollar in early July on the back of Tiwai Point’s news of an intended closure, prices have rallied again, with prices recovering to a new high of $34.15 in recent days.

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Extreme fire research

Scion’s Rural Fire Group carried out a number of experimental burns in wheat stubble paddocks in 2019, and a major activity this year was organising a series of controlled fires in the Rakaia Gorge involving highly flammable gorse vegetation.

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