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 Rural News

Other Rural News

15 Jan: Good news for dairy farmers - not so good for everyone else

16 Dec: An early Christmas present for sheep farmers, with rising export prices for lamb

05 Dec: Fonterra has raised the midpoint of its forecast Farmgate Milk Price, by 50 cents, to 10 dollars

20 Nov: Dairy prices have risen another 1.9 percent at this morning's Global Dairy Trade auction

12 Nov: Another global dairy giant could take over some of Fonterra's most well-known brands

11 Nov: Good news for Kiwi dairy farmers, and more could be on the way

06 Nov: Some good news for dairy farmers in today's Global Dairy Trade auction

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