Another Robust Year for Forestry

ForestryTHE AVERAGE price of commercial forestry on the market rose 23% over the last year, according to the latest sector statistics.

The 21st edition of the UK Forest Market Report, produced by Tilhill Forestry and John Clegg and Co, outlined a positive outlook for the ‘robust’ market in its annual analysis, and highlighted its ‘powerful attraction as an investment asset’.

That year-on-year rise in average forestry values takes it to £11,478 per stocked hectare, pushing a 21% increase in the total value of the forestry market.

Commercial forestry transactions worth £126.5m were completed in the past year, with14,235 ha of forestry traded in 2019, encompassing 81 forests, at an average cost £1.56m.

Continue reading “Another Robust Year for Forestry”

EU forest agreement with Vietnam aims for ‘clean’ timber

Photo: AFP/Stew Magnuson

The European Union has signed a controversial agreement to support Vietnam’s forest governance improvement goals, aimed at ensuring that the timber it imports from the Southeast Asian country is legally sourced.

The Voluntary Partnership Agreement (VPA) on Forest Law Enforcement, Governance and Trade (FLEGT) was signed on October 19 in Brussels by Federica Mogherini, the EU high representative for foreign affairs, and Nguyen Xuan Cuong, Vietnam’s minister of agriculture.

The implementation of the VPA will involve multiple steps, according to Bruno Angelet, ambassador of the EU delegation to Vietnam. Continue reading “EU forest agreement with Vietnam aims for ‘clean’ timber”