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<pre>Perhaps it is globalisation and Australian prices are adjusting to
world parity. For many years Australia and New Zealand have lived in a
bubble where prices were unrealistically high, Now production in
Australia has reached a level where significant quantities of oil need
to be sold and a new reality is becoming obvious. A price of $AUS8 per
kilo or about €5 is not bad by world standards. The average Tunisian
farmer would be happy if he received half that. Even oil from top
Italian varieties sells in bulk for €6 or € 7 here so a discount of a
couple of € for Manzanillo, Verdale and Mission would not seem
unreasonable.

Cheers Brian Chatterton
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