Aussie dairy firms up farmers' returns on rising rebound hopes
Fonterra lifts farmgate payout; Murray Goulburn earmarks A$80m for higher prices, farmer loans
Wellington
TWO of Australia's biggest dairy producers will raise returns to farmers, a sign that a nascent recovery in dairy prices is beginning to filter through to the struggling industry.
Fonterra Australia lifted its farmgate payout by A$0.35 while Murray Goulburn set aside a one-off sum of more than A$80 million (S$84.8 million) to pay more for milk supply and fund loans for struggling farmers.
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