The effectiveness of exchange trading in untreated timber at UEEX is recognized by the market

According to the results of the first months of untreated timber market operation, since the entry into force legislation amendments, there is an active forming of transparent market mechanisms on provision of trade in untreated timber in Ukraine.

As per today, Ukrainian Energy Exchange is the only Exchange in Ukraine providing trades in untreated timber. Since beginning of the August, there have been about 500 trades at UEEX. For the period from 01.08.2021 till 30.09.2021, 1,37 mln cubic meters were sold for the total amount UAH 4,01 billion with VAT.

According to the results of three months of market functioning by new rules, the Government gets additional revenue, it is UAH 927,5 (with VAT) more than the initial price of untreated timber exhibited to the trades.

According to the information of the State Forest Resources Agency of Ukraine, the practice that have had a negative impact to the operation of electronic platforms in the organized market are longer possible today. Careful surveillance of the NSSMC as well as the State Forest Resources Agency of Ukraine is a guarantee for objective pricing and access to the information.

“We would like to express our gratitude for the trust to all market participants who joining to the UEEX trades. Today, together with you, we are creating the stable, transparent, competitive market that meets high standards of exchange activities and ensures objective pricing” – mentioned UEEX Deputy CEO Kostiantyn Shevchuk.