May 2018 Overview of Timber Trading

OVERVIEW OF LONG-TERM AND HALF-YEAR AUCTIONS

The long-term and half-year auctions of the 2^nd half of 2018 organised by regional divisions of the State Enterprise State Forests Directorate were completed on 29 May 2018. At the auctions, 586,430 m³ of timber was sold, of which 526,340 m³ accounted for round timber and 60,080 m³ accounted for timber harvesting residues. Regional divisions of the State Enterprise State Forests Directorate sold 99.42% of the planned amount (589,860 m³).

Half-year auction of the second half of 2018

• 562,600 m³ of timber was sold during the half-year auction of the 2^nd half of the year, which is a 6% decrease compared to the auction of the 1^st half of the year (601,580 m³). Of the amount sold, 506,300 m³ accounted for round timber and 56,300 m³ accounted for timber harvesting residues.
• The financial value of transactions of the half-year auction of the 2^nd half of the year amounted to EUR 28,851,000. The weighted prices of sold timber rose for all assortments except sawlogs.

Long-term auction of the 2^nd half of 2018

• 23,800 m³ of timber was sold at the long-term auction of the 2^nd half of the year, which is a 94% decrease compared to the long-term auction of the 1^st half of the year (386,600 m³). Of the amount sold, 20,000 m³ accounted for round timber and 3,800 m³ accounted for timber harvesting residues.
• Timber for EUR 914,000 was sold at the long-term auction of the 2^nd half of the year. The weighted price of timber increased for all assortments except sawlogs.

OVERVIEW OF SHORT-TERM AUCTIONS

In May 2018, regional divisions of the State Enterprise State Forests Directorate sold 44,100 m³ of timber at 74 short-term auctions, i.e. the trade volumes doubled in the course of one month. The financial value of the transactions amounted to EUR 916,100.

Sawlogs were the most demanded product – 15,800 m³ of this was sold; 9,600 m³ accounted for pulpwood and 5,700 m³ accounted for firewood.

The weighted price of timber sold via the ETTS in May 2018 increased by 7% compared to April 2018, i.e. from 44.26 EUR/m³ to 47.35 EUR/m³. Compared to May 2017, last year timber was sold at auctions for a 25% lower weighted price, i.e. 37.75 EUR/m³.