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 Mar: Fonterra's sale of its consumer arm is now unconditional

06 Mar: The boss of Waitomo Gas expects a hike to fuel prices over the next week as conflict in the Middle East continues

06 Mar: Social Development Minister Louise Upston's being slammed for legislating over a High Court ruling that saw MSD unable to claim back payments from some beneficiaries

06 Mar: Consumer spending has increased in February, signalling a positive recovery within the retail sector

06 Mar: Pak'n Save has begun stocking a US imported butter brand - in attempts to tackle rising prices

06 Mar: Progress is being made toward Destination Queenstown's ambitious carbon zero 2030 target

05 Mar: People will have to pay with cash after a Trade Me sale if they want to avoid a fee

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