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Economic weather report: Lower Fonterra payout means NZ$1 billion less for economy

Economic weather report: Lower Fonterra payout means NZ$1 billion less for economy



Bernard Hickey explains in this Economic Weather Report what Fonterra's NZ$4.55/kg payout forecast for 2009/10 means for the economy. The forecast was lower than expected and means about NZ$1 billion less will flow into the economy from dairy exports. It also means farmers will face significant cash flow pressures.

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