In November, New Zealand prices for exported logs to China dropped on average $18 per m3 in the higher quality grades and $23 per m3 in the lower quality grades.  This was a combination of reduced CFR log prices in China and the NZD strengthening against the USD.  The PF Olsen Log Price Index dropped $9 in November to $110. The index is currently $12 below the two-year average, $13 below the three year-average and $15 below the five-year average.  Although the China log market remains subdued, prices should ...