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

12 Feb: Signs the economy is gaining momentum after a tough stretch

12 Feb: The Local Government Minister's flagged concerns over a sharp rates increase in Christchurch

12 Feb: Our economy looks to be on firm footing this year, after a rocky few years

12 Feb: New Zealand homeowners are holding onto their properties for the longest period yet

11 Feb: Calls for Government intervention on power bills - with predictions of another big bump

11 Feb: The Government's announced an independent review of the fiscal response to the Covid pandemic

11 Feb: ASB's reported fairly flat growth in the second half of last year

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