Fonterra is raising its forecast milk price range to $8.40 to $9 per kilo of milk solids.

That's the highest in the co-op's history.

It's expected to contribute more than 13.2 billion dollars to the economy.

>> More Rural News

Other Rural News

01 Dec: A number of farms are converting to dairy, but cow numbers still lag behind previous peaks

28 Nov: Farmers are turning out more milk with fewer cows

25 Nov: Fonterra still expects most dairy farmers to break even this season

23 Nov: Calls for farmers to get on top of worm treatment for their dogs - to stop the spread of C-ovis or sheep measles

31 Oct: Chris Luxon is defending Fonterra farmers, who've faced a scathing critique from Winston Peters

30 Oct: There are no guarantees Anchor, Mainland and Kapiti products will always be made with New Zealand dairy

30 Oct: Plenty at stake for Fonterra farmers, as they weigh up whether to sell the co-op's consumer brands

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