BellingenNSWNSW's native forest logging industry ruled not 'economically viable'.
"The recommendation was made by the NSW Independent Pricing and Regulatory Tribunal (IPART) in its triennial analysis of the government-owned logging company Forestry Corporation of NSW."
"It found Forestry Corporation's native timber operation had been steadily losing money over the past decade, in part due to delivering timber to sawmills for less than the cost of providing it."
"It also noted concerns about logging making bushfires worse and damaging threatened species' habitat."
"The revelation comes the same week that Forestry Corporation released its annual report, which shows it suffered a $29 million loss in its native logging division in the 2022-2023 financial year. Studies have suggested shutting the industry could bring net economic benefits to the economy"
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https://www.abc.net.au/news/2024-12-17/nsw-native-forest-logging-not-economically-viable-report-finds/104721248
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Report says NSW government should review 'long-term feasibility' of native logging industry
The NSW native logging industry is not "economically viable" and the state government should consider shutting it down after 2028 if its prospects do not improve, an independent economic regulator has recommended.
ApaulD