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

16 Jan: Kiwis are feeling the pinch more at the checkout - than they are at the pump

16 Jan: Good news for our manufacturing sector

16 Jan: ???1;The construction sector's feeling optimistic, despite weak demand

15 Jan: Signs of recovery in at least parts of the retail sector

15 Jan: Potential for a dairy price recovery

15 Jan: Fonterra's boss says farmers are used to volatility in prices and payouts

15 Jan: Many retailers seem to be treading water, as consumers anxious about job security hold off on the nice-to-haves

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