Wellington, April 11 NZPA - Fonterra has boosted its record payout for the 2007-2008 milking season to $7.30.
It today lifted the payout prediction from the existing record forecast of $6.90/kg milksolids. The 2006-2007 payout was $4.46/kg, and Fonterra's previous record payout, $5.33/kg in 2002, was worth $6.14/kg in 2007 dollars.
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