During the week, forestry enterprises sold untreated timber at the UEEX for more than 98 million hryvnias

In the period of July 18-22, forestry enterprises from 7 regions of Ukraine took part in the auction at the Ukrainian Energy Exchange. 37.76 thousand cubic meters of untreated timber were sold in the amount of UAH 98.69 million (including VAT). The state received an additional income of UAH 6.79 million (including VAT), more than the initial cost of untreated timber put up for auction.

The implementation of the resource took place in Kyiv, Zhytomyr, Khmelnytsky, Chernivtsi, Ivano-Frankivsk, Ternopil and Kirovohrad regions.

Common pine, european spruce and common oak were sold the most, where the share of their sales in the total structure was 73%, 7% and 7% respectively. There was also the sale of such species as silver birch, common ash, beech and others.

The maximum increase from the starting price was recorded at 215%. Given that the auction step is 1%, the maximum number of steps was for common oak - 215, common ash - 90, silver birch - 74.

The weighted average price index for untreated timber was:

• Silver birch - 2879.53 UAH / cubic meter (incl. VAT);
• Forest beech - 3934.26 UAH / cubic meter (incl. VAT);
• Black alder - 2802.91 UAH / cubic meter (incl. VAT);
• Common oak - 21031.26 UAH / cubic meter (incl. VAT);
• Common pine - 2778.69 UAH / cubic meter (incl. VAT);
• European spruce - 2850.30 UAH / cubic meter (incl. VAT);
• White fir - 3280.62 UAH / cubic meter (incl. VAT);
• Common ash - 5280.85 UAH / cubic meter (incl. VAT).

“Ukrainian Energy Exchange works stably and conducts trades. Simple and understandable conditions for registration and participation have been created for market participants. In total, since the beginning of July, more than 129 thousand cubic meters of untreated timber have been sold at UEEX auctions for a total cost of UAH 313 million. Forestries receive additional income that positively affects the development and functioning of the industry. This month, it has already amounted to about UAH 24 million,” said Kostiantyn Shevchuk, Deputy CEO of UEEX LLC.