UPDATE 1-Fonterra lifts farmgate milk forecast to NZ$6 as global dairy prices recover
November 17, 2016 at 15:18 PM EST
WELLINGTON, Nov 18 (Reuters) - Dairy co-operative Fonterra said on Friday it was lifting its forecast farmgate milk payout to NZ$6 per kilogram of milk solids (kgMS) as falling milk production boosted global dairy prices.