Fonterra Raises Milk Price Forecast for Second Time in a Month

  • Co-op lifts estimated payout for current season by 50 NZ cents
  • Waning global dairy glut may bring end to 3-year price slump

Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, raised its forecast milk payout for the second time in a month, responding to signs a three-year global price slump is coming to an end.

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