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March 18, 2019

Booming roundwood purchase prices in Latvia

Booming roundwood purchase prices in Latvia

In the third quarter of 2018, the average roundwood purchase prices in Latvia have continued their booming trend. The sharpest rise in the softwood segment was recorded in purchase prices for pine logs (diameter up to 14 cm), which in the 3rd quarter of 2018 increased by 37.20% as compared to the 3rd quarter of 2017, up to EUR 51.88 per cubic meter.

When compared to the third quarter of 2017, spruce sawlogs (d>14) price grew by EUR 19.36/m3 excluding VAT, while the purchase prices for spruce logs diameter 18-26 cm increased by 12% or 8/m3.

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