Business news from Ukraine

Business news from Ukraine

“Forests of Ukraine” put up surplus firewood for auctions

14 March , 2024  

The State Enterprise “Forests of Ukraine” is starting to sell surplus firewood for industrial use to domestic and foreign buyers and is ready to provide additional services to non-residents, the press service of the state company reported on Facebook.

“The State Enterprise “Forests of Ukraine” is starting to hold the first auctions with additional services for non-resident companies. In particular, we offer delivery from the warehouse and loading of products into railway cars, as well as customs clearance of products,” the statement said.

According to the report, as the heating season approaches its end, state forestry enterprises have accumulated surplus fuel wood, most of which is industrial firewood. Currently, only industrial pine firewood is up for auction.

Since last year, the selling price of such firewood has fallen from UAH 1,350 per cubic meter to UAH 950 per cubic meter. The products were sold at the main and then at additional auctions. However, even with a one-third reduction in price, the Ukrainian market is not ready to consume all the resources put up for auction.

At the same time, the Forests of Ukraine noted that the volume of wood is sufficient to satisfy both Ukrainian processors and non-resident buyers.

As reported, in 2023, the volume of logging in Ukraine amounted to 15.7 million cubic meters of wood of all types of felling, 13.1 million cubic meters of which were harvested by state forestries.

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