FONTERRA LIFTS PAYOUT FORECAST TO RECORD HIGH

© RNZ / Rebekah Parsons-King Dairy farmers are headed for a record milk payout as strong demand and tight supply hold up prices. Fonterra has forecast this season's payout between $8.40 and $9.00 per kilogram of milk solids (kgMS), with the midpoint at a lifetime high of $8.70 compared with the previous forecast of $8.40, which was also the record payout of 2013.Fonterra chief e...

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