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 ...
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