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Forecast milk payout likely to drop again, Fonterra warns

This article was originally published in Dairy Markets

New Zealand dairy giant Fonterra has signalled that its forecast milk payout is likely to drop again later this month. The co-op slashed its 2008/09 forecast by 60 cents to NZ$6 (€2.53) per kilogram of milksolids on November 21 (see DM, No 976, 27.11.08, p16) on the back of falling international commodity prices.


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