New online forestry trading platform announces details of first auction

The launch comes at a critical juncture in the forestry sector.

Half of Ireland’s 1.85 million acres of forestry is privately owned, with limited trading options in the market for these estimated 23,000 owners.

A new online trading platform has been launched this week for buyers and sellers of Ireland’s 930,000 acres of privately-owned forestry.

Launched as part of a joint venture between agri-tech provider Tradeforus and timber harvesting company Euroforest Ireland, the end-to-end solution aims to pair buyers and sellers of timber, forestry land and harvesting rights up directly.