IFA Timber Survey Shows Improved Prices

IFA Farm Forestry Chair Jason Fleming said the IFA timber price survey from January to March 2023 shows a recovery in timber prices, with higher prices across product types since the end of last year.

“Timber prices, which were in decline from July onwards last year, have started to show signs of improvement. The increase in prices reported this year reflects the increase in market demand,” he said.

The roadside prices quoted for Sitka spruce timber were:

• Pulpwood prices ranged from €32-€40/tonne,
• Stakewood prices ranged from €38-€48/tonne and
• Palletwood prices ranged from €42-€74/tonne, depending on the length produced.
• Sawlog prices ranged from €85-€105/tonne.

The prices quoted in the IFA Farm Forestry Timber Market report were sourced from forest owners, forestry companies and sawmills.

“The improvement in timber prices for 2023 will be welcomed by farmers with forestry after the uncertainty of market conditions last year,” Jason Fleming said.

The IFA Timber Price Survey can be accessed here.