Ukrainian Energy Exchange held electronic auctions for the sale of untreated timber for the 2nd quarter 2021

On March 1 and 2, the commodity exchange "Ukrainian Energy Exchange" held auctions using an electronic trading system for the sale of untreated timber ,logging in on the second quarter of 2021 by the Forestry Kiev regional and Kiev Forestry and Hunting Department.

They sold both coniferous and deciduous timber of various lengths and diameters. In total, more than 2.5 thousand items were put up, the total volume of which reached over 130,000 cubic meters.And more than 70% of the put up were successfully sold.

More than 160 buyers took part in the auctions. Competition for individual lots reached 10-15 participants. This is the number of potential buyers who fought for lots with oak round timber from the state enterprise "Boryspil forestry" and "Bohuslavske forestry".

According to the results of the auction, the foresters of the Kiev region will receive an income of more than UAH 276.5 million. With a starting cost of UAH 225 million, and despite the fact that not all the positions that were put up for auction have been sold yet.

“I would like to note that the proceeds are more than 3.5 times higher than the same period last year. The exchange trading of unprocessed timber does not lose its relevance and is gathering more and more participants. We also invite all participants to additional auctions, which are held every Wednesday. More information can be obtained by calling (044) 35-35-735 ",- Oleksandr Kovalenko, CEO of UEEX is inviting.