CORRECT Fonterra raises 2013 farm-gate payment forecast 25 cts to $5.50, sees more gains in global prices

Mon, 10 Dec 2012

(Fixes incorrect reference to dividend in forecast net profit range in second graph) By Paul McBeth Dec. 10 (BusinessDesk) - Fonterra Cooperative Group, which raised $525 million through a unit trust for external investors last month, has hiked its forecast payment to farmers and expects to see more gains in global dairy prices next year. The dairy cooperative increased its forecast farmgate milk price by 25 cents to $5.50 per kilogram of milksolids and held the expected net profit component range of 40 cents to 50 cents per share, the Auck...

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