Market Closed

13 Oct 2024 14:16:13

Forestry slump could hurt biofuel supply in future

Posted: 09 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 percent 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 2022 survey.

 

Read more on RNZ.