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

06 Feb: More New Zealanders appear to be opting for a city-break this Waitangi weekend

06 Feb: Why corporate America is mostly staying quiet as federal immigration agents show up at its doors

06 Feb: Auckland's train network is shutting down again this weekend - only eight days after fully reopening for the new year

05 Feb: A 53-year-old man's been arrested and charged in relation to a suspicious fire at a commercial premises on Oruanui Street in Taupo's CBD on Tuesday night

05 Feb: The housing market is currently favouring buyers - but that may not last

05 Feb: House prices are expected to rise as the year goes on - on the back of increased sales activity

05 Feb: The Government's announced it'll invest in two horticulture developments on under-utilised Maori land in Northland and Waikato

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