Following the imposition of sanctions on Russian timber, Estonia has seen a surge in heavy timber imports from unexpected countries, where forests are assumed to be scarce, Postimees reports. Henrik Välja, CEO of the Estonian Forest and Wood Industries Association (EMPL), said that Russian timber continued to flow into Estonia through an illegal scheme whereby…
Costs associated with forest restoration, maintenance, and logging increased in Latvia in 2022, according to data from the Central Statistical Bureau, LSM reports. The average cost of forest restoration amounted to EUR 792-931 per hectare, which was up 2.5-12.4% from EUR 742-890 per hectare in 2021. The average cost of logging operations rose by 31.0%…
Estonian pellet producer Graanul Invest reported sales of EUR 590mn in 2022, which was up 30% from 2021, ERR reports. The group’s annual net profit rose by 28% to EUR 111mn. The group produced 2.3 million tonnes of pellets in 2022, which was down from 2.5 million tonnes a year earlier. Due to raw material…