Untreated timber sales results at UEEX for July 2024

Forestry enterprises from 8 regions of Ukraine sold untreated timber at the Ukrainian Energy Exchange. The largest volume was sold in Volyn region.

The following results were achieved at UEEX auctions in the untreated timber segment over the month:

• the volume of untreated timber sold amounted to 919,25 thousand cubic metres;
• 281,93 thousand cubic metres of untreated timber were sold;
• the cost of timber sales amounted to UAH 594,7 million (including VAT);
• the state received additional income during the English auction by UAH 7,34 million (including VAT) more than the initial value of untreated timber put up for auction.

Last month, untreated timber was sold in Volyn, Zhytomyr, Kyiv, Ivano-Frankivsk, Khmelnytsky, Chernivtsi, Ternopil and Kirovohrad regions.

Pine, spruce and hardwoods were the most popular species sold, with their share in the total structure being 51,65%, 10,54% and 8,95%, respectively. Also, we sold such species as oak, conifer, alder, fir, beech, birch and others.

The graph below shows the structure of timber sales by major regions.

The maximum increase from the starting price was recorded at 43%. Given that the auction step is 1%, the maximum number of steps was 43 for fir, 42 for spruce, and 39 for birch.

The graph shows the wood species and their maximum values.

Weighted average price index for timber, for July 2024

Weighted average price index for firewood, for July 2024

Comparison of stock price indices for unprocessed wood with indices of the Polish exchange E-drewno.