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.

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Other Business News

05 Nov: The Reserve Bank says the country certainly isn't out of the woods, but our banks remain well placed to weather what comes next

05 Nov: Rising unemployment is still being felt more in certain regions, sectors, and age groups

05 Nov: New vehicle registrations have risen for four consecutive months

05 Nov: Dairy prices have fallen 2.4 percent at this morning's Global Dairy Trade auction

05 Nov: An increase in car sales could be a sign of consumer confidence returning

04 Nov: A rise in building consents is being viewed as a positive sign by the construction sector

04 Nov: Green shoots are once again starting to show through in the economy

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