MAF outlook weaker, but still expect record exports

Key highlights The ASB NZ Commodity Price Index eased in all currency terms over the past week. Further market tensions, stemming from Europe, have seen the NZD lose ground - trading below USD0.75 at one stage. On Tuesday, Fonterra lifted its 2012 season payout forecast by 20c.     Report prepared by: Nick Tuffley ASB Chief Economist Phone: +64 9 301 5659 Fax: +64 9 302 0992