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Fonterra profit plunges, payout forecast cut

2014-09-24 07:22:12| Food - Topix.net

Fonterra has announced a big drop in the forecast farmgate milk price to $5.30 for the present season, with no promises the price slide will halt there. Their fortunes are tied to the amount of milk their cows produce and the amount the co-operative pays them for each kilogram of milksolids produced.

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