Timber prices could drop 10% by July. This estimate was given by Evgeny Novitsky, co-chairman of the Board of the Wooden Housing Association, Writer RBC.
Novitsky attributes the decline in prices to the formation of an excessive amount of sawn timber in the previously exported market. The sanctions will not allow the delivery of goods abroad, so the materials will remain in the domestic market.
“This year it will actually be the opposite of last year when there was a shortage of timber and everything was exported. This year, consumers will start choosing who to buy from,” says KLM-Art’s director.
Segezha Group, Russia’s largest timber holding, is also expected to see a decrease in sawn timber prices. The company’s press service said that the price reduction could be affected by the reduction in the current sales geography, the introduction of import duties, shipping restrictions, certification restrictions, especially in Europe.
Oleg Novikov, head of the Eksmo-AST publishing group at the end of March said A 20% increase in book prices in retail due to the increase in paper prices.
Source: Gazeta
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