Ukrainian State Forest Agency logges 3.8 mln cubic meters of wood in Q1 2019
KYIV. April 26 (Interfax-Ukraine) – Enterprises of the State Forest Resources Agency of Ukraine logged 3.8 million cubic meters of wood in the first quarter of 2019, which is 7.8% less year-over-year.
The agency said in a press release on Thursday that total round wood sales in January-March 2019 on the domestic market accounted for 2.9 million cubic meters. No cubic meter of wood was sold on the foreign market.
Forest enterprises over the period saw UAH 3.9 billion of net sales revenue, which is 3% less than a year ago. One of the main reasons for the decline in the indicator is a fall in the demand on the domestic market.
As of April 1, 2019, a total of 1.2 million cubic meters of ending stocks were at warehouses of forest enterprises, which is 32% more compared with ending stocks as of early 2018.
As reported, the enterprises of the agency logged 16.5 mcm of wood (a rise of 3.7% compared with 2017). The state forest agency sold 13.7 mcm of round wood to the domestic market (a rise of 9%).
The total area of forest areas in Ukraine is almost 10.4 million hectares, the forest cover of Ukraine is 15.9%. Some 7.6 million hectares of forests (73% of the forest fund of Ukraine) are subordinate to the State Forest Resources Agency.