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Fonterra expected to meet its forecast payout

2015-11-04 05:29:41| Food - Topix.net

Fonterra Cooperative Group, the world's largest dairy exporter, is expected to be able to meet its forecast payout to farmers for this season even after dairy prices fell at a second consecutive auction. Average prices fell 7.4 percent at last night's GlobalDairyTrade auction, following a 3.1 percent decline the previous auction, which snapped four consecutive gains.

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