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

19 Jul: A batch of sesame seeds is being recalled due to risk of salmonella

12 Jul: Dairy farmers are relieved Synlait milk will live to see another day, after winning shareholder approval to take out a 130-million dollar loan

03 Jul: Belief dairy prices could still go up, despite prices falling in the latest Global Dairy Trade auction

27 Jun: A tough time for dairy farmers with expenses up, and profits down

05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction

29 May: Fonterra remains wary about the state of the global dairy market

17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor

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