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Fonterra lifts 2015/16 milk payout forecast to $4.60/kgMS after full-year profit surges

Jonathan Underhill
Wed, 23 Sep 2015

Sept. 24 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, raised its forecast milk payout from a decade low after posting a jump in full-year profit driven by improved returns from its consumer and food service businesses, and improved margins from ingredients. The Auckland-based cooperative raised its forecast farmgate milk price to $4.60 per kilogram of milk solids from a decade-low $3.85/kgMS. That would bring the total payout to farmers for the 2015/16 season to between $5 and $5.10/kgMS, including forecas...

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