Estonian and Central Europe forestry sector bracing for downturn

A cooling of the global economy and widespread damaged to fir trees due to a bark beetle infestation in central Europe, is predicted to have a major impact on the entire forestry sector. This as forest landowners rush to harvest as many infected trees as possible, creating a glut of logs and finished materials entering a slower economic marketplace. Martin Arula, CEO of Toftan, one of the largest sawmills in the Baltic States and based in V├Áru County, said the current situation on the timber market was comparable with a crash in prices that happened 2007-2008.

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Estonian forestry sector bracing for downturn