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.

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Other Business News

06 Jan: EB Games is proposing to shut down its New Zealand business - according to a letter sent to employees

06 Jan: Don't expect house prices to skyrocket this year, like they have in years prior

06 Jan: New Zealand home values have continued to fall in the past year - but two major centres have bucked the trend

05 Jan: The Deputy Privacy Commissioner is urging people whose data may have been compromised in major breaches - to take immediate precautions

05 Jan: Hopes the ASB Tennis Classic will be the first of many strong events on the Auckland calendar

04 Jan: Cautious optimism from tech experts, in the wake of this week's ManageMyHealth cyber attack

03 Jan: The operators of patient portal Manage My Health are assuring users it systems are secure

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