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17 Jul 2025 17:49
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  •   Home > News > Business

    Forestry appears to have weathered the covid storm

    Forestry appears to have weathered the covid storm


    The sector was hit hard by China's shutdown earlier this year.

    At one stage, forestry prices were down nearly 30 per cent in US dollar terms -- now they're slightly above the prices seen before the pandemic.

    ASB Chief Economist Nick Tuffley says it's encouraging to see the sector bounce back so strongly.

    He says it comes down to China, whose economy is growing very strongly since coming out of their lockdown.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Dax Shepard has posted a nude picture of his wife Kristen Bell performing a yoga pose to celebrate her first-ever Emmy nomination 17:40

    Rugby:
    If any current All Blacks have had approaches from the Saudi-backed R360 league, then coach Scott Robertson hasn't heard about it 17:27

    Law and Order:
    Three rifles, a shotgun, a semi-automatic rifle and cannabis have been found at a Kaitaia address 17:27

    Entertainment:
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    Politics:
    Anthony Albanese joins long list of world leaders to visit Great Wall of China 16:47

    Entertainment:
    Spencer Pratt feels he's been "misrepresented for most of [his] life" 16:40

    Business:
    Higher demand for food around the world, is lifting ood prices 16:17

    Entertainment:
    Miley Cyrus thinks it's "really hard to maintain sobriety" while touring 16:10

    Entertainment:
    Oasis have reportedly been flooded with big-money offers to perform at music festivals around the world 15:40

    Law and Order:
    Two 13-year-olds are accused of driving more than 560 kilometres from Invercargill to Christchurch, in a stolen Uber Eats car 15:27


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