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It's all about Europe

Key highlights
NZD/USD lifted to US$0.8200 earlier this week, but has since dropped.
Fonterra signals lower 2012 season payout as a result of easing dairy commodity prices.
NZ beef prices holding up better than expected. Strong market expected later in 2012.
 

 
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Report prepared by:
James Shortall ASB Rural Economist
Phone: +64 9 337 4263
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