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July 14, 2022

Estonian wood industry hit hard by falling prices and lower demand

Estonian wood industry hit hard by falling prices and lower demand
Estonian lumber producers are facing a harsh reality, where the price of wood is falling and orders are disappearing: customers have warehouses full of cheap Russian wood before the sanctions came into effect, and the wave of repair and construction that caught people during the corona pandemic is subsiding.    In the last days before the start of the third quarter, local lumber producers became serious, because not many agreements with customers had been made for the new quarter. Both Toftan manager Martin Arula and Holttem manager Eiko Roomet stated that it is still difficult to understand ...

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