Woodchip price in Australia through the roof thanks to Asian demand

The price for woodchips in Australia is the highest it has ever been. Will demand from China send it further? (ABC Rural: Cassandra Steeth)

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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.

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Source: ABC News (Australia)

 

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