Miscanthus - market taking off
An update from Miscanthus NZ
The demand for Miscanthus is finally taking off. The result is that it is a very rapidly changing investment scene. New and expanded uses for Miscanthus are appearing, and new sites are being planted, perhaps this year, doubling the area of planted Miscanthus in New Zealand.
All of the harvested material that Miscanthus New Zealand Limited (MNZ) had in store from 2019 harvest has been sold. There are only a handful of broken or partly broken bales in the Putaruru store, and the material that had been stored at other sites has now all gone to customers. In addition, all of the 2020 production was committed early on to existing customers, and it has already been sent to them.
It is safe to say that demand - which continues to expand - is already exceeding supply. If anybody wants to be sure of getting some of our harvested product next winter, they will need to put in an order very soon and pay a deposit to secure the supply. One large existing customer is already in discussions with MNZ about this.