PF Olsen contacted a selected number of clients last year seeking approval to potentially involve them in a project aimed at crystallizing value out of their pre-Commitment Period 1 (CP1) carbon credits from post-1989 forests.
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PF Olsen also offers a service in respect of any post-1989 forest land you may wish to enter into the ETS and claim changes in carbon stock.
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This is our last edition of Wood Matters for this year. The staff at PF Olsen would like to take this opportunity to thank all our clients, suppliers, contractors and other folk that we have been involved with during the year - and wish you all a very MERRY CHRISTMAS and PROSPEROUS NEW YEAR.
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PF Olsen would like to thank the Victorian Association of Forest Industries for the opportunity to sponsor and speak at the Annual Dinner recently.
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This market is very much at a possible point of inflexion. November saw some export at-wharf-gate (NZ port) prices rise considerably as high C&F US$-based prices (at Asian ports) coincided with rapidly declining shipping costs and a declining NZ$/US$ exchange rate.
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Late last month PF Olsen was successful in being awarded management of 27,000 hectares of plantation forest currently trading as Timberlands West Coast Ltd (a State-Owned Enterprise).
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WQI is a forestry industry based research company with the objective of developing tools and techniques to better assess wood quality to drive better allocation decisions along the supply chain (e.g. the right logs or timber going into the right process or end-use) and improving processing methods and technology (e.g. how do we minimise the damaging effect of checking and cell collapse during timber drying).
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Sometimes less is more. In the Information Technology realm this is becoming more so.
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The challenging aspect of "real-time" communication for an electronic newsletter such as Wood Matters is that no sooner than you have material to distribute, then the world changes.
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On Carbon Forestry
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PF Olsen held a successful Carbon forestry seminar in Ohaupo (just North of Te Awamutu) earlier this month. A total of 83 participants, many of whom had travelled from well outside of the district to attend, filled the Windy Ridge Conference Centre.
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As a consequence of the uncertainty now surrounding the ETS, we have decided to postpone our planned Carbon Forestry seminar in Taupo next Tuesday 25 November.
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Some big news last week was the deferral of the planned increase in Russian log export tariff to €50 or 80% from 1st January 2009. Apparently the press release coincided with key negotiations between Russia and the Norwegian timber industry.
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It's hardly worth repeating that we are living in turbulent times and seeing unprecedented volatility in asset prices, capital and financial markets. And as we observe the spectacle, we know full well that there will be further flow-on effects into the NZ economy and our livelihoods.
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The Emissions Trading Scheme was passed on 26th September 2008 with numerous amendments. Which of these affects the forestry and wood processing sectors and how?
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The Afforestation Grant Scheme (AGS) is one of the new initiatives announced by the government to address the effects of climate change.
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A successful harvesting seminar was held on Wednesday 10th September at Alexandra Park, Greenlane, Auckland. Our Kawakawa and Rotorua offices jointly organised the seminar which was attended by 55 clients, forest owners and would-be forest owners.
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The Hawke's Bay Farm Forestry Association's (HBFFA) "Carbon - Ready or Not" seminar was held in Havelock North Thursday 18 September 2008.
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Export log prices rose again in October by an average of $4/JAS m3 extending their 5th consecutive month of price increases. Notable was the wide range of price changes with some traders staying more or less flat and some posting larger increases - a function of their exchange rate and ocean freight rate exposure in a highly volatile market.
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The trend of significant drops in break-bulk ocean freight rates has intensified since reported in last month's Wood Matters.
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