NZ's Fonterra increases 2009/10 forecast payout

WELLINGTON, Nov 9 - New Zealand dairy co-operative Fonterra raised its estimated payout to farmer shareholders on Monday to NZ$6.05 per kilogram of milksolids for the 2009/10 season.

Fonterra said the raise, from a previous estimate of NZ$5.10, was due to a strong rise in international dairy prices.