Forestry slump could hurt biofuel supply in future

Friday 19 Jul 2024

 
New data is showing a sharp decline in new forest plantings in New Zealand, and there are warnings this could cut the country short of a biofuel source in years to come. A Ministry for Primary Industries survey shows forest companies intend planting 51,800 hectares this winter, a 24% drop on 2023.

Last year's plantings were well below the area forestry companies indicated they would be planting in 2023, when asked as part of the 2022 survey.

Marcus Musson, a director of forest management company Forest 360, said this was concerning because New Zealand needed a long-term stable wood supply. "What we have on the books over the next couple of years is definitely dropping, and it's pretty hard. There's been a lot of foreign investment establishing new forests, but that's waning."

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Source: RNZ





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