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Fonterra boosts forecast payout on 'cautious optimism'

This article was originally published in Dairy Markets

New Zealand dairy giant Fonterra has given its farmer-shareholders a welcome boost, lifting its forecast payout for the 2008/09 season to NZ$5.20/kg (€2.23/kg) of milksolids, up 10 cents from the co-op's last trimming on January 28 though still well down on the $6/kg payout predicted last November and last season's record $7.90/kg.

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