Finnish forestry industry has turned the corner, log prices will stabilize next year

The economic turnaround for the Finnish forestry industry has already occurred, but a major leap forward is not yet in sight, according to the latest economic outlook from the Natural Resources Institute Finland (Luke). In terms of export value, this year is slightly better than last year for the forestry industry, and significant statistical growth is expected for next year. According to Luke, gross stumpage revenues will exceed three billion euros for the first time next year, and the operating profit of private forestry is expected to grow to around 210 euros per hectare. Harvest growth focused ...