Dairy prices have risen 50 per cent on buoyant demand for milk powder for use in infant formula and food products. Photo: Bloomberg

Fonterra earnings to fall as farmers cash in

New Zealand dairy producer refuses to cut high prices paid to farmers despite forecasting 50pc earnings fall, triggering shareholder backlash

Topic |   New Zealand

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Dairy prices have risen 50 per cent on buoyant demand for milk powder for use in infant formula and food products. Photo: Bloomberg
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