Australia’s biggest banana grower, Mackays, has purchased Elders' timber properties Gold Tyne and Mount Ray outside Cooktown in far north Queensland for more than $10 million. Sources: The Land, ABC News

Queensland sawmilling company, Allied Timber Products will use $202,275 of carbon price revenue from the Gillard Labor Government to reduce energy consumption at its Burpengary sawmill. Source: Invest in Austral

A number of US investment advisers are encouraging clients to purchase forestry properties in Europe. Source: KMS Baltics

The American Hardwood Export Council (AHEC), an international trade association for the American hardwood industry, has announced its support and endorsement of the EU Timber Regulation (EUTR), which came into effect in March this year and aims to eradicate illegal timber trade within

The Mirvac Group is selling one of the last of its legacy funds management assets – more than 20,000 hectares of forestry land held by Australian Sustainable Forestry Investors. Source: The Land

Brisbane hardware store Bretts Timber & Hardware (Bretts) has joined forces with the Home Timber & Hardware (Home) group, as the family-run business looks to reinvest and grow its operations by aligning to a national buying group. Source: Inside Retail

A senate inquiry into a bungled $45 million forestry contractors exit program heard Forestry Tasmania had mistakenly backed some contractors' eligibility for compensation. Source: The Mercury

The union for wood and forestry workers is backing calls for an inquiry into forestry safety as New Zealand MPs Darien Fenton and Denise Roche tabled a petition in parliament calling for the government to conduct an inquiry into health and safety in the forest industry. Source: Scoop