Online trading

New e-commerce platform for buyers and sellers of timber, forest land and logging rights

A new e-commerce platform for forest trade, bringing together buyers and sellers of timber, forest land and logging rights in regular online auctions, has been launched.

radeforusforestry.com, a joint venture between agritech supplier, tradeforus.com and logging company, Euroforest Ireland, will allow sellers to post lots and buyers to bid online on auction days.

The first auction will take place on March 10.

A range of lots, including timber sales and freehold land from various counties, have been listed on the website by potential sellers in recent days, with more lots expected to be listed daily ahead of the auction. .

By using tradeforusforestry.com, its funders say timber buyers and sellers can avoid the excessive costs, confusion and delays that come with traditional forestry trade, especially in timber sales.

All those who wish to participate and see the online auction must first make a simple registration allowing them to view the different lots put up for sale in more detail and to participate fully in the auction.

The deadline for registration is March 7 at 3 p.m. All auctions will be independently audited and supervised by leading financial advisory experts, ifac.

Michael Broderick, managing director of tradeforusforestry.com, said e-commerce is increasing in all aspects of the agricultural sector, saving time and money and simplifying buying and selling.

“Now we want to bring similar benefits to buyers and sellers of timber, forest land and harvesting rights.

“Forestry is a sector that we have identified as lacking commercial options for buyers and sellers. More than half of the country’s forest stock is privately owned. The volume of wood from these private forest owners is expected to almost double to 2.5 million tonnes within three years. By 2026, private forest volumes will exceed the volume overseen by Coillte on behalf of the state. Volumes are expected to exceed four million tonnes by 2031.

“Forestry sector actors have consistently faced difficulties in buying and selling timber, which has often led to harvest losses. Without appropriate resources, identifying forest lots can be complex. Now we’re removing those complexities, bringing buyers and sellers together in a streamlined way,” he said.