HD Forest standing timber prices for September 2023
Last quarter we saw more offers coming to market. Prices are at a similar level as a year ago, but 10-20 % lower than six months ago. At the same time, number of deals are still very low. In Estonia the main buyers are local investors, in Latvia Swedish investors. Probably low SEK has some influence to the market, too. Generally, investors are careful.
We can sell timber without problems. Prices are 10-20% higher than the average of the last 10 years. Good prices are especially for pulp and firewood. Sawlog prices are challenging. Generally, the industry has difficulties because of the conjuncture on the European market.