Forestry companies around Australia are enjoying record high woodchip prices, with demand from Asia — especially China — pushing the price for premium chips beyond $260 per bone-dry tonne.
Australia's largest processor and exporter of woodfibre, Midway Limited, which has recently acquired a logging and haul business in Western Australia, expects demand will continue to grow and has been steadily investing in forestry projects around the nation, including in the Tiwi Islands in the Northern Territory.
Source: ABC News (Australia)
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