Fonterra has raised its milk price forecast for the 2021/22 season to a mid-point of $8.40 a kg of milk solids, equal to its previous highest payout in 2014.
In a statement to the NZX, Fonterra said its updated forecast price range was $7.90 to $8.90, up from $7.25 to $8.75 a kg.
Fonterra
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