Timber Sales Proceeded at a Stable Pace in October

Timber sales proceeded at a stable pace in October and prices were high relative to long-term averages. Domestic timber is in good demand and the timber market is expected to be robust also in the closing part of the year. The forest industry purchased 2.9 million cubic metres of wood from private forest owners in October. The amount matched the September procurement volume. The January-October aggregate purchase volume stood at 20.7 million cubic metres, with pulpwood accounting for 11.5 and sawlogs for 8.4 million cubic metres. Stable timber sales expected to continue for the rest of the year. The industry needs domestic wood and timber sales are accordingly expected to proceed at a stable pace for the remainder of the year. All timber grades are in good demand. The exceptionally warm weather of this autumn has boosted demand especially for sites that can be harvested also when the ground is unfrozen.