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

18 Aug: Australian baby goods retailer Baby Bunting is planning expanding in New Zealand

18 Aug: Auckland Airport's profit is yet to take off again

18 Aug: Funding to ensure new buildings in the capital are up to scratch when it comes to the environment

18 Aug: Campaigners are calling for a solution to New Zealand's persistent gender pay gap

18 Aug: The OCR may be rising, but that doesn't necessarily mean mortgage rates will go the same way

18 Aug: Kiwis are spending more, but getting less bang for their buck

17 Aug: The biggest jump in median weekly earnings since records began ... haven't closed the gender pay gap

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