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It’s an uncertain future for farmers, with global events making it harder to predict the milk price.
Fonterra's midpoint payout forecast for the current season is $9.70.
It's slightly up for next season, at $9.75, but it's signalling that could be as low as $8 or as high as $11.
Dairy NZ Chief Executive Campbell Parker told Mike Hosking the gap is mirroring the current volatility, with the top end of last year about $10.
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