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 Business News

Other Business News

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19 Sep: The economic downturn is hitting our manufacturing sector particularly hard

19 Sep: Another jolt to the Nelson community, reeling already from blows to their regional economy

19 Sep: Calls for the Reserve Bank to respond swiftly to the latest shock drop in GDP

19 Sep: Chocolate lovers are being warned not to expect a drastic drop in prices, as cocoa futures start to ease

18 Sep: Even the Finance Minster's been caught by surprise, by today's sharp drop in GDP

18 Sep: Calls for better quality analysis of Cabinet policy proposals, and how they're regulated

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