The forestry industry has accused the state government of failing to meet its commitments to timber supply and backed the recommendation of a parliamentary inquiry that national parks be opened up for logging. Source: Sydney Morning Herald

Tasmania's Upper House has passed an amendment to the forest peace deal legislation that threatens the historic agreement. Source: ABC

Korean-based Dongwha Timbers opened its $76m plant at Bombala, New South Wales last week. Source: ABC News

Tasmania's councils are warning that they may need urgent financial help to cope with changes under the forestry peace agreement. Source: Yahoo7

Australia’s biggest banana grower, Mackays, has purchased Elders' timber properties Gold Tyne and Mount Ray outside Cooktown in far north Queensland for more than $10 million. Sources: The Land, ABC News

Queensland sawmilling company, Allied Timber Products will use $202,275 of carbon price revenue from the Gillard Labor Government to reduce energy consumption at its Burpengary sawmill. Source: Invest in Austral

A number of US investment advisers are encouraging clients to purchase forestry properties in Europe. Source: KMS Baltics

The American Hardwood Export Council (AHEC), an international trade association for the American hardwood industry, has announced its support and endorsement of the EU Timber Regulation (EUTR), which came into effect in March this year and aims to eradicate illegal timber trade within