On March 26, the commodity exchange "Ukrainian Energy Exchange" held an auction using the electronic trading system for the sale of untreated timberlogging in the second quarter of 2020 by Foresty Kyiv region and Kyiv Foresty and Hunting Department. Traditionally, both coniferous and deciduous timber of various lengths and diameters was offered for sale. More than one and a half thousand lots.

The cost of coniferous breeds grew even by 30 steps (under the terms of the auction one step - 12 UAH per cubic meter). And traditionally the most popular were deciduous breeds. In particular, oak.The price of it was raised 40 steps and higher. While the step on deciduous breeds is much larger - 60 UAH per cubic meter.

According to the results of the auction, bidders will pay for the timber more than 75 million UAH. And that’s more than twice what we got last quarter. Although it should be mentioned that there were two times more bidders as usual.

"The increase in the number of bidders was affected by the fact that a ban on direct contracts was introduced. This gave rise to an increase in sold volumes compared to previous auctions, and new players entered electronic auctions, despite the difficult situation in the country as a whole. We also invite all participants to the additional bidding, which we plan to hold weekly" - summed up UEEX CEO Oleksandr Kovalenko.