Forestry sector in New Zealand 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 into China at very ...
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