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NZ: Forecast slash costs farmers $3.3bln

Posted on 29 January 2009

From Nzherald.co.nz: Plummeting global dairy prices costing farmers billions are bottoming out, dairy giant Fonterra says, but don’t hold your breath for relief this year.

The world’s biggest dairy exporter yesterday dropped its forecast payout to farmers this season by 90c to $5.10 per kg of milksolids….. Full Article: Source


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