At the same time, demand and prices are good for both the forest owner and the industries in general.
Forecasts are now for a bit of frost – finally. We will in HD Forest make sure to make the most out of any cold period so that our clients can benefit from the good timber prices.
The extreme situation has resulted in certain adjustments in subsidies available for forestry. Deadlines for completion of forest works in the spring will most likely be extended and subsidies for reforestation and drainage are expected to increase in the spring. HD Forest will make sure to take these opportunities into consideration when planning our activities in the forest.
We expect timber demand to continue to be strong in 2018 in the Baltics. Even though harvest is currently restricted by the soft conditions we are confident that we will be able to catch up on the planned forest activities during the rest of the year.