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Ukrainian Universal Exchange launches price indices for raw timber
KYIV. Jan 19 (Interfax-Ukraine) – The Ukrainian Universal Exchange (Kyiv) has started publishing weekly and monthly price indices for round timber and firewood, the National Securities and Stock Market Commission of Ukraine has reported.
"A new tool has become available on the organized commodity market… Calculations [of the index] are based on the results of exchange trading," the regulator said in a release on Thursday.
The National Securities and Stock Market Commission noted that it is also planned to introduce a daily index in the near future, but so far the publication of these data is in a test mode.
According to the National Commission, the use of the index will contribute to a more efficient and transparent sale of timber.
As reported, from July 2021, raw timber must be sold exclusively at commodity exchanges that have the appropriate license from the National Securities and Stock Market Commission.
