Fonterra Lifts Milk Price Forecast as Global Glut Wanes

  • Kiwi dollar climbs as rising prices point to stronger economy
  • ‘Global milk prices remain at unrealistically low levels’

Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, raised its forecast milk payout for the current season after prices jumped at auction, adding to signs a global oversupply is starting to wane.

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