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ABC News
ABC News
National

Fonterra settles farmers' class action over 2016 'clawback' milk price crisis

Fonterra

Dairy giant Fonterra has announced it will settle its long-running legal case with farmers after cutting their prices in 2016.

The company will pay $25 million to settle the class action taken by farmers affected by the so-called dairy crisis, where the company retrospectively cut its milk payments known as a clawback. 

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