Lumber prices in Estonia drop to lowest in years

Over the past year, lumber prices in Estonia have halved. Toomas Tauk, managing director of lumber retailer Puumarket, said that lumber is nearly 50 percent cheaper than it was this time last year due to the decrease in local and especially Scandinavian construction volumes. "The price of wood moved in the exact opposite direction to overall inflation, and came to a halt over the summer," said Tauk. "While the last six months were marked by a clear oversupply of wood, by now production volumes have been reduced, and it looks like prices have either bottomed out or did ...