Timber purchase auctions for first half of 2014 held

At 10.00 a.m. on 10 December this year, the results of the timber auction for the first half of 2014 were published on the Round Timber Electronic Trading System (AMEPS). Buyers were active in auctions for both half-year contracts and long-term contracts, and over 850 buyers registered with the system. Approximately 750 buyers registered for the auction for the second half of 2013.

Over 90 per cent of round timber and timber cutting waste were sold during the auctions. Spruce, pine, and ash pulpwood and nearly all birch, spruce, pine and oak logs were in most demand. Compared to 2013, prices for round timber increased slightly. The main reason for the increase is the fierce competition in the biofuel and plank timber sector.

The wood processing company UAB Juodeliai has purchased sufficient timber, and this will allow the company to ensure continuous and prompt production.

Prepared based on information from www.gmu.lt.

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