Despite Brexit and COVID-19, timber prices are performing remarkably well. The average log price achieved by Coillte for the third quarter this year was €72/m3. This is well above the average price recorded since 2015 and just below the exceptionally high prices achieved in 2018 (Figure 1).

Unfortunately for both Coillte and private growers, increased prices are not matched by increased sales. The high prices mask the artificial market situation created by a major fall in timber availability since late last year.