❓ Question regarding the pricing and profitability of Radiata Pine sales from state-owned plantations by the Forest Products Commission (FPC) to Wespine and WESFI/Laminex. The answer confirms fixed pricing, provides indexation rates, clarifies the pricing structure, and confirms cost recovery.
AnsweredQoN 3326Legislative Council
QuestionView source ↗
(1) Are sawlogs sold to Wespine and particleboard wood sold to WESFI/Laminex both sold on a fixed, delivered, milldoor price basis? (2) What are the current indexation rates for sawlogs to Wespine and particleboard wood to WESFI/Laminex? (3) What was the amount of stumpage/royalty received by Forest Products Commission (FPC) for selling Radiata Pine from the State owned plantations in 2019-2020? (4) Does the FPC recover in full the costs of the production expenses as shown in each annual report since 2008: (a) if no to (4), why not?
AnswerView source ↗
Answered
11 November 2020
Responded by
Minister for Regional Development representing the Minister for Forestry
Response time
11 days
(1) Yes.
(2) The Laminex price increased by 2.1 per cent in May 2020, and the Wespine price increased by 0.83 per cent in July 2020.
(3) As per the answer to (1), pine is priced on a delivered price basis and a stumpage/royalty is not used. The FPC does not differentiate by resource tenure and reports by forest sectors and not by species. Radiata pine forms part of the Plantations forest sector. As per section 2.2 of the Notes to the Financial Statements, page 45 of the 2019-2020 Annual Report, Plantations forest returned an Operating Profit of $5.366 million.
(4) Yes.
(a) Not applicable.
(2) The Laminex price increased by 2.1 per cent in May 2020, and the Wespine price increased by 0.83 per cent in July 2020.
(3) As per the answer to (1), pine is priced on a delivered price basis and a stumpage/royalty is not used. The FPC does not differentiate by resource tenure and reports by forest sectors and not by species. Radiata pine forms part of the Plantations forest sector. As per section 2.2 of the Notes to the Financial Statements, page 45 of the 2019-2020 Annual Report, Plantations forest returned an Operating Profit of $5.366 million.
(4) Yes.
(a) Not applicable.
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