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June 28, 2020
New Zealand’s forestry sector’s hopes for revival after rollercoaster ride
While the past few months have been a rollercoaster for many industries, the New Zealand's forest sector has been feeling the effects of Covid-19 since early February. The annual Chinese Lunar Celebrations generally put a halt on log demand for a four-week period during February which results in an inventory build and subsequent reduction in sales price. Due to a massive beetle infestation spreading through European spruce forests over the past 18 months, harvest volumes have increased to unprecedented levels with the vast majority of the logs being placed ...
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