Russia has _____ tariffs on its own log exports. The effect on the world market for timber is that the ____ curve is shifting to the ______. The impact on the world timber market of the Russian tariffs is therefore that the price rises and quantity traded falls the price rises and quantity traded rises the price falls and quantity traded falls the price falls and quantity traded rises
FOREST owners are seeing the best returns for years as a result of snaring a greater share of the huge Chinese market, but some Kiwi sawmills are running short of logs as a result.
In 2009, log sales to China were worth about $530 million, more than double the $236m the previous year, and volumes were also more than double levels in 2008.
Log prices remained at historically high levels of about US$145 a cubic metre for A grade logs delivered to China, according to a report from PF Olsen.
...the Timber Industry Federation warns that timber prices are likely to rise at least 10 per cent, after recent log
China has become a key log market for New Zealand and log exports are "way up and forest owners are quite happy", one big forest company executive said.
Another forest investor Roger Dickie, of Roger Dickie NZ, said the "log market has definitely improved, quite dramatically in the last few months" as a result of the Russian log tariffs.
Russia placed tariffs on their log exports last year, which created an opening for more New Zealand logs into China. China's total log imports are down, but New Zealand has gained a much greater share of that market, at the expense of Russian logs, one industry executive said.
"There is hugely increased demand out of China and a price that just keeps bubbling up," he said. For some forest owners, the problem is finding a logging contractor to cut down the trees.
Fill in the blanks:
Russia has _____ tariffs on its own log exports. The effect on the world market for timber is that the ____ curve is shifting to the ______.
The impact on the world timber market of the Russian tariffs is therefore that
Step by step
Solved in 2 steps
