Albany woodchip exports expected to drop to 1.2 M tonnesFriday 15 Feb 2013 The Albany Port Authority in Western Australia says woodchip exports have dropped significantly to less than 50% of recently-predicted levels, according to a report by ABC News. Export levels have dropped from around 1.7 million tonnes annually to a predicted 1.2 million tonnes this financial year, well below projections that volumes could reach three million tonnes in the current financial year, reported ABC News.The authority's chief executive Brad Williamson said it was a tough time for the woodchip industry, but the more conservative prediction would limit the port's exposure when volumes dropped. Williamson noted that the Australian dollar exchange rate made Albany's woodchips among the most expensive in the world. He said volumes this year were likely to be between 1.3 and 1.4 million tonnes. Source: ABC News |
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