Global fibre prices surge - supportive of wool

	NZ wool prices have increased signifanctly recently. Global fibre prices have also increased and this will be supportive for a continuation of strength in the market.
	Dairy prices have recently stabilised at high levels. We have revised our FY11 payout forecast higher to $6.70 per kgms for the Milk Price.
	The NZD has also increased and has been trading in the 74 - 76.5c range against the USD. We expect the kiwi to remain within this range, before easing in the latter half of 2011.

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