On September 26-30 at Ukrainian Energy Exchange untreated timber was sold for more than UAH 151 million

In the period from 26 to 30 September at Ukrainian Energy Exchange forestry farms from 4 regions of Ukraine sold 60,52 thousand cubic meters of untreated timber for the amount UAH 151,83 million (including VAT). State received an additional income for UAH 15,25 million (including VAT) more in relation to the initial price of raw materials put up for auction.

The sales took place in Zhytomyr, Khmelnytsky, Kyiv and Chernivtsi regions.

According to Konstantin Shevchuk, deputy CEO of UEEX LLC, pine, hardwood and coniferous species were in the highest demand, where their share of sales in the total structure was 62%, 11% and 6% respectively. There were also sales of such species as oak, aspen, birch and others.

The maximum increase from the starting price was recorded at 91%. Taking into account that the step of the auction is 1%, the maximum number of steps was for oak - 91; pine - 64; ash - 38.

The weighted average price index for untreated timber was UAH/m3 (including VAT):

• Silver Birch – 3 248,04;
• Forest Beech – 4 441,13;
• Black alder – 2 359,68;
• Common oak – 23 978,96;
• Common pine – 2 268,62
• European spruce – 3 137,52;
• White fir – 2 524,87;
• Common Ash – 7 207,08.

Index of weighted average prices for timber UAH/c. m. (including VAT):

• Industrial use – 1 529,04;
• Group 1 Nonindustrial use – 1 705,88;
• Group 2 Nonindustrial use – 1 320,00;
• Group 3 Nonindustrial use – 1 254,00;

"Last week, foresrty farms sold more than 151 million UAH of untreated timber on our platform, and in addition, as a result of the steps of the auction, earned UAH15 million. Our auctions are always competitive, transparent and accessible to every market participant", - said Konstantin Shevchuk.