Average standing timber prices achieved by Coillte for the first quarter in 2019 dropped significantly over the previous year but are much higher than prices for 2017 (Table 1). The average price for all Coillte sales was €70.61/m3 during January to March 2018, rising to €77/m3 last summer before falling back to approximately €63/m3 from October 2018 to March 2019. It should be remembered in analysing timber prices that there are cyclical price trends as in other products.

Last year’s prices from April to September were exceptionally high. So, comparing prices is a glass half full-half empty exercise. Coillte prices have fallen significantly when compared with last summer but have dramatically increased compared with average prices (€54.19/m3) achieved in 2018 (Table 1).