A Mirvac Group-run fund has offloaded a portfolio of forestry assets once leased to Timbercorp worth about $60 million to acquisitive fund manager New Forests. Sources: The Australian, Timberbiz, ABC News
Carter Holt Harvey, the wood company owned by Graeme Hart's Rank Group, was fined NZ$1.85 million by the High Court for price fixing in the Auckland commercial timber market. Source: National Business Review
New Zealand and Australia will host a major forest investment and market outlook conference series Forest Investment and Market Outlook 2014. Source: Timberbiz
A one-day workshop to allowed timber exporters and dealers to better understand and meet requirements before exporting product overseas. Source: The Solomon Star
The Solomon Islands Prime Minister said his government is addressing some of the difficulties the logging industry is having with commercial banks operating in his country. Source: Radio New Zealand
San Francisco-based New Forests is planning a new wave of deals, targeting up to $1.7 billion of Australia's state-owned pine forests ahead of an expected surge in demand from China and the US. Source: The Australian
The possible return of tens of thousands of hectares of timber plantation to productive agricultural land across NSW’s high rainfall zones is being welcomed as a potential economic and social boon to bush communities. Source: The Land
Chair of the New Zealand Wood Council Bill McCallum told the biennial Forest-Wood conference in Wellington that the Government needs to step up in a number of areas if the sector is to reach its export earnings target of $12 billion by 2022. Source: Radio New Zealand
The Government needs to stimulate domestic demand for wood to stop New Zealand forestry from being dangerously reliant on the Chinese log trade. Sources: Fairfax NZ News, Scoop.co.nz