Figures from the institute have revealed that buyers have been paying €60/m3, although this has reached €73 in some parts of western Finland, and follows a 4% increase during March.

Moreover, current stumpage prices, the value of timber before it is felled, has increased by a third over the past 12 months, METLA has said.

Many forest owners are now cashing in on the high stumpage prices by selling their woodland, with 2.4 million m3 of private forest changing hands during April.