The hike in the price is above estimates.
- adds circa NZ$600m to farm income
At the margin positive developments in dairy are a positive for the New Zealand dollar (higher export earnings etc. )
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New Zealand - Fonterra raises its milk price payout
New Zealand - Fonterra raises its milk price payout
- NZD traders note - Fonterra raises its farm gate milk price by 50c to mid-range price of $9.20 per kgMS
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