Selling lumber could become less profitable than growing trees in New Zealand
23:15 / July 21, 2021
Photo: Kaingaroa forest with high pine trees, the largest plantation in the southern hemisphere, New Zealand / Depositphotos, MisaMazurkova
Price for a New Zealand unit (NZU, is equivalent to 1 ton of CO2) reached a record $47. But according to Dennis Neilsen, the head of
DANA NZ Limited, the price of NZU could soar to $140 within three years. This will inexorably lead to an increase in the price of forestlands. At this height, it will be much more profitable to grow forests than to make lumber out of it.
Lesprom Network: Why is the NZU price going up?