Market holds steady but tinged with caution

摘要

It is amazing how quickly we forget the dark and wet of winter; with leaf burst and the energy of spring, everything takes on a much brighter optimism. However, it has been a slow spring with little to report other than steady interest in the market tinged by some caution about investing in Scotland where, of course, the bulk of commercial forests are located.Perhaps there has been an element of taking stock after the very significant growth in values over the last decade but also a need to consider what the future holds in the light of various elections and referenda in the immediate future. The timber tradehas seen fluctuations in price driven by exchange rate movements and the level of general economic activity, particularly in the construction industry. The demand from the biomass sector has undoubtedly been of significant help to some harvesting operations.