More than UAH 273 million were earned by forestry enterprises at UEEX during June 20-24, 2022

At the Ukrainian Energy Exchange, 75% of the untreated timber was sold from the offered volume. The initiators were forestry enterprises from 8 regions of Ukraine. The largest volume was sold in Ivano-Frankivsk region.

During the week at the UEEX auction in the direction of untreated timber, the following results were achieved:

• the offered volume of untreated timber amounted to 118.57 thousand cubic meters;
• 88.93 thousand cubic meters of untreated timber were sold;
• the cost of timber sales amounted to UAH 273.44 million (including VAT);
• the state received additional income by UAH 38.04 million (including VAT) more than the initial cost of untreated timber put up for auction.

Realization of untreated timber took place in Ivano-Frankivsk, Chernivtsi, Kyiv, Zhytomyr, Volyn, Khmelnytsky, Ternopil, Kirovohrad regions.

European spruce, common pine and white fir were sold the most. There was also the sale of such species as common oak, forest beech, silver birch and others.

The maximum increase in the starting price was recorded at 207%. Given that the auction step is 1%, the maximum number of steps was for red oak - 207; common oak - 206; European spruce - 152.

“The exchange works stably and conducts trades. Since the beginning of the month, more than 367 thousand cubic meters have been sold at the auctions of the Ukrainian Energy Exchange for a total cost of UAH 995 million. Additional state income amounted to about UAH 118 million. We are always open and ready for cooperation. We are raising the economy of Ukraine together,” - said Kostiantyn Shevchuk, Deputy CEO of UEEX.