Agree that spot prices are not fantastic. But ultimately it depends on your investment horizon.
Within the next year, do you seriously believe that AUD will keep rising despite worsening trade balances? Could RBA afford a high AUD? Do you seriously believe that almond supply would continue to increase in the face of lower almond prices where cost of water and bees increase non stop?
Sadly, as pointed out by the business council recently, investors are extremely short sighted these days and want instantaneous profit, at the expense of long term profits. This is not driving the right decisions amongst the management team and prove to be value destructive for the companies.
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