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

03 Mar: New Zealand officials are weighing up whether to approve the merger of two major global companies

03 Mar: An inflation warning from the Finance Minister - as Labour mulls its Reserve Bank policy

03 Mar: Tourism spending in New Zealand has hit 46.6 billion dollars, up 3.3 percent on last year

03 Mar: A five-year gap between the opening of Dunedin Hospital's outpatient building and its inpatient building - could cause major staffing and operational problems

03 Mar: Holes are being poked in an economic report claiming 383-million dollars would be generated for the economy from sand mining at Northland's Bream Bay

03 Mar: Promising signs when it comes to consumer arrears

02 Mar: The conflict in the Middle East has seen oil prices jump - and could mean higher costs at the pump

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New Zealand officials are weighing up whether to approve the merger of two major global companies More...

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