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February 6, 2019

Romania: Higher standing timber prices revealed by recent auctions

Romania: Higher standing timber prices revealed by recent auctions

In January, a new round of auctions for standing timber was held by the Romanian Forestry Agency (Romsilva), after the disappointing first auction held in December, where the national bidding ratio was 46%. The auctions are organized for Romsilva's -Romania's main forest land owner- planned harvest for 2019. 

At the first auction held in December, the buyers accused the too high starting prices at the auction - with an increase from 182 lei / m3 (38.37 Euro) at the auction organized for 2018, up to 190 lei / m3 (38.37 Euro) at the auction organized for the 2019 harvest. The auction price increase comes in the context of the generalized decrease prices in the Romanian wood market, low demand for both industrial wood and firewood.

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