Online trading

New e-commerce platform for forestry

Tradeforusforestry.com, a new online trading platform, says it will bring a new dynamic to forestry trade.

It aims to bring together buyers and sellers of timber, forest land and logging rights in regular online auctions.

The joint venture is the brainchild of agritech supplier tradeforus.com and leading logging company Euroforest Ireland.

The new online trading platform will allow sellers to post lots and buyers to bid online on auction days.

Forest Trade Platform

Tradeforusforestry.com will hold its first auction on March 10and2022, from 9:15 a.m.

Anyone wishing to participate and view the auction online must complete a simple registration beforehand.

This will allow them to see more details about the different lots for sale and fully participate in the auction. The deadline for registration is March 7and, 2022, at 3 p.m. All auctions will be independently audited and supervised by leading financial advisory experts, ifac.

Potential sellers have listed a range of lots, including timber sales and freehold land from multiple counties, on the website in recent days.

The platform plans to further expand its capabilities in the immediate future. Additionally, he signaled that he would be announcing new developments in the coming weeks.

Half of Ireland’s 1.85 million acres of forest is privately owned. According to Tradeforus, there are limited trading options in the market for these estimated 23,000 owners.

Advantages and problems

According to the partners, by using tradeforusforestry.com, forest buyers and sellers can avoid the “excessive” costs, confusion and delays of traditional forest trade, especially in timber sales.

The launch comes at a time when the following events are all impacting the market:

  • “crippling” delays in the forest licensing process;
  • A lack of price transparency;
  • Wood supply limitations.

Commenting on the launch, Michael Broderick, Managing Director of tradeforusforestry.com said:

“We are excited to bring this innovative new trading platform to market. E-commerce is growing 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.

Forestry in Ireland

He said the volume of timber from these private forest owners is expected to nearly double to 2.5 million tonnes within three years.

Furthermore, he added that by 2026, private forestry volumes would exceed the volume overseen by Coillte on behalf of the state.

“Volumes are expected to exceed four million tonnes by 2031,” he noted.

“Forest sector players have consistently faced challenges 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 by bringing buyers and sellers together in a streamlined way.

He thinks Irish forestry is entering a “new and exciting” phase. He said there is a “growing” awareness of the economic and environmental importance of forestry.

Broderick said Ireland is “catching up” with countries like Scotland, Denmark and Belgium.

In conclusion, he said, “If we want to see all aspects of the industry thrive, we need to deliver a range of new solutions. tradeforusforestry.com is one such solution.

“It brings transparency and real-time efficiencies, which simplifies the whole buying and selling of forest products.

“So far, the reaction from timber buyers and sellers has been overwhelmingly positive. We look forward to deepening engagement with the forestry community in the coming period,” he concluded.