March 2019 Review of Timber Trade
In March, the ETTS trade volumes grew 1.8 times compared to February. Transactions for the sale of 12,876 m3 of timber under short-term contracts were concluded in March. Over the past month, the State Enterprise State Forests Directorate offered twice as much timber as in February, but buyers purchased less than one half, i.e. 38% (34,285 m3) of the offered timber.
The February trading scenario could also be observed in the first spring month, i.e. 50% of the announced auctions have not been held because buyers were once again dissatisfied with the proposed timber prices. The prices of four out of the five TOP5 assortments dropped by 14–18% over one month.