• New Report: China to be Short on Softwoods but Heavy on Hardwood Supplies

    22nd February 2024

    According to this new report, China Forest, Log & Lumber Report: Supply, Demand & Prices to 2030/2035, China will again be a growth market for softwoods – especially for lumber. The Chinese hardwood pulp sector will also see substantial growth with significant feedstock sourcing implications and opportunities. The report contains novel analysis not seen before and some of the findings are not what the project team were expecting! When compared to more traditional (often dated) analysis heavy on statistics and lacking grounded outlooks, this is a timely must-have report

  • Mandatory Climate Related Financial Disclosures for Australian Forestry Sector Businesses: Who is Affected and What You Should Know

    22nd January 2024

    Most mid-scale and large Australian forestry sector companies will be affected by newly proposed mandatory climate-related disclosure requirements. This article explains why and what you should be aware of.

    The Australian Government is implementing mandatory climate-related disclosures based on the International Sustainability Standards Board’s (ISSB) climate standard, International Financial Reporting Standard (IFRS) S2. The disclosures are required to be included in a company’s Annual Report. They will cover governance, strategy, risk management, and metrics and targets, building on the four pillars of the Taskforce for Climate-related Financial Disclosures (TCFD). It will require detailed and quantitative disclosures of climate impacts by companies that are decision-useful for the primary users of general-purpose financial reports (i.e. investors and shareholders) based on IFRS S2 as adapted to the Australian context by the Australian Accounting Standards Board (AASB).

  • Joint Research Report – China Forest, Log & Lumber Report: Supply, Demand & Prices to 2030/2035

    2nd December 2023

    The China wood products market is becoming complex! A slowdown is one thing, but there are some new and evolving fibre supply dynamics that will be played out in China over the next few years and beyond that should be game changers. We are predicting what happens when China’s demand starts to normalize and/or accelerate again as well as incorporating some significant supply-side dynamics and changes. All of these factors could lead to some very favourable prices for softwood log and lumber exporters, and especially hardwood woodchips.

    To provide the wood products trade with a better read and perspective on what’s next for China’s forests, market and import requirements, Russ Taylor Global (Canada) and Margules Groome (New Zealand & Australia) have teamed up to present a strategic analysis and outlook of China’s plantations, and log and lumber supply/demand/prices in: China Forest Log & Lumber Outlook: Supply, Demand & Prices to 2030/2035. We also have some expert contributors to our report.

  • Are Australian Forestry Growers and Processors Ready for Climate-Related Disclosures?

    2nd December 2023

    Earlier this year, the Australian Government confirmed that it will make climate-related disclosures mandatory for large businesses and financial institutions. In June 2023, the Commonwealth Treasury proposed a design for a mandatory climate reporting framework. The framework is to be based on the International Sustainability Standards Board’s climate standard, IFRS S2 – Climate-Related Disclosures.
    It is proposed that climate-related disclosures be incorporated into the Annual Report and be linked to, and integrated with, the financial statements. An organisation will be mandated to make a climate-related disclosure based on criteria that include number of employees, gross assets, and revenue. The criteria assign an organisation to one of three groups with the largest entities and emitters required to begin reporting as of 1 July 2024. Other organisations are then phased in over financial years commencing 1 July 2026 and 1 July 2027.

  • Australian Plantation Area Decline from 2009 to 2022

    1st December 2023

    The above chart showing Australia’s plantation area since 1999 should be familiar to most people in the forest and wood products industries. Recent media coverage and opinion following the release of the latest Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Australian Plantation Statistics 2023 Update (August 2023) has focused on the decline in the national plantation estate from ~2.02 million ha in 2009, to ~1.72 million ha in 2022 – a 15% drop or ~300 000 ha removed.