News Snapshot:
Fonterra says it would pay farmers more for milk on strong China demand (Adds CEO comment, background) March 5 (Reuters) - Fonterra on Friday raised the outlook for prices it would pay farmers for the 2021 season, for the second time in just over a month, citing strong demand for New Zealand dairy products in China, Southeast Asia and the Middle East. The dairy producer lifted its 2020/21 farmgate milk price forecast range to NZ$$7.30-NZ$7.90 per kilogram of milk solids (kgMS), from NZ$6.90-NZ$7.50 per kgMS. The company last raised the range on Feb. 3. "China's strong economic recovery, following the...
