Optimum ages for early combined-trait selection were derived for a breeding objective of reducing the total cost of unbleached eucalypt kraft pulp, assuming typical heritabilities and age-age genetic correlations for basic density and growth. The optimum biological selection age, the selection age where average annual gain is maximised, was four years for an assumed rotation age of 15 years. The optimum economic selection age, the selection age where the present value of all future gains is maximised, was three years. These conclusions were relatively robust to changes in assumptions used in analysis.