Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Australia and Pacific Region / China / Global
August 2, 2021
Congestion at New Zealand ports causing logging industry frustration and market fluctuations
New Zealand forestry contractors are reporting that they are losing money, work, and jobs due to fluctuations in the timber markets and major delays at the country’s ports. Driven by extreme demand for logs from China and other international markets, New Zealand timberland owners in the first half of 2021 raced to harvest as many logs as possible to take advantage of record high prices. However, a slowing in the demand for logs from China and the record number of logs that have been harvested has overwhelmed the ports and created infrastructure problems that now ...
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