International Paper, owner of New Zealand's Carter Holt Harvey, has debuted in its own right in Chile, with the purchase of a local packaging company. A performance programme is aimed at helping Carter Holt Harvey overcome the financial impacts of tougher economic times in key markets. Rayonier NZ, an offshoot of the US-based Rayonier Inc., has forged an alliance with a Maori tribal trust to manage a forest. The Rotorua District Council has launched a forestry access database it hopes will help attract overseas companies wanting to invest in the region. The market news is much more positive than it has been for almost a year, with responses to our survey signaling that prices are being pushed up.
Margins remain narrow, however.
The Southern Hemisphere Pine Price Index is the average of all prices for pine lumber across the main forestry countries of the South. Available to subscribers.