Pellet prices will continue to rise in February 2026. In January, loose wood pellets already increased in price by 30 euros. Prices for bagged goods have risen even more sharply. The extreme cold spell and shrinking stocks are causing pellet prices to rise sharply. And prices continue to rise. This is because the weather remains cold and market supply is tight.

Pellet prices rose sharply in January 2026 and continue to rise in February. Wood pellets had already become significantly more expensive in December. But in January 2026, pellet prices rose sharply. The reason: demand from pellet customers received a strong boost due to the prolonged cold spell. The price correction that many pellet customers had hoped for at the beginning of 2026 did not materialize.

On the contrary: on average, wood pellets cost around €30 more than four weeks ago. In the first week of February, pellet buyers had to pay just under €400 (total purchase of six tons, plus a flat-rate delivery fee) for their pellets. This is the highest price since June 2023. Bagged goods cost an average of €406 per ton, which is also almost €30 more than four weeks ago.

Many pellet buyers have clearly miscalculated their purchasing strategy. They had to make additional purchases at short notice in January as pellet prices rose—because the cold winter weather caused consumption to increase unexpectedly sharply. Many pellet customers had been counting on another price drop at the end of 2025 so they could fill their boiler rooms with wood pellets at an even lower price.

Now, the cold spell and the acute need for heating have massively accelerated the purchasing decision. Instead of falling pellet prices, purchases in January are becoming increasingly expensive—and February will be even more expensive. Pellet prices have climbed to a two-and-a-half-year high.

However, most pellet buyers are currently only ordering relatively small quantities, according to experts at Heizpellts24. Orders of less than three tons are common, with delivery times of one to four weeks. There has also been an increase in the purchase of bagged goods recently.

Source: agrarheute.com