Ukraine plans to increase pace of timber harvesting in 2024

Ukraine is scaling up timber production, building new forest roads and stamping out corruption, with the government looking to stimulate processors desperately trying to avoid bankruptcy. That is according to Yuriy Bolokhovets, the director-general of Forests of Ukraine, who announced recently the sale of up to 1 million cubic metres of timber via Dutch auction later this month. “Uncertainty with borders plus the holiday period in the EU countries have reduced the demand for wood. Many processors have taken a break… Demand is gradually recovering; however, in some market segments, the situation remains difficult,” according to Mr ...