Dairy prices have fallen, but don’t panic yet.

	Currency – Reached 6-month high of 73.4c vs. USD – slight decrease likely in late 2010/early 2011.
	Dairy – Recent commodity price drops. However, FY11 forecast of mid $6 still on track.
	Lamb – Tight global supplies underpin the market. High currency means little price increase in FY11.

Read the full PDF report.

Other sites of interest: www.asbsecurities.co.nz  www.asb.co.nz  www.commbank.com.au

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Report prepared by:
James Shortall
ASB Rural Economist
Phone: +64 9 337 4263
Fax: +64 9 302 0992