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Fonterra payout beats expectation

Written by Andrew Isbister on February 22nd, 2011.      0 comments

3:29 PM (NZT) 21 Feb: Fonterra, New Zealand's largest company, announced it is increasing its forecast payout for the current season by 60 cents per kilogram of milk solids. The new payout level is $7.90 to $8.00. The market had expected an increase of  30-50 cents. NZD response was muted.

 

 

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