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ANZ upgrades milk price forecast to $7.20/kg 12 Jan, 2021 03:55 AM 3 minutes to read Economists expect Fonterra's milk price to come in at near the top of its range for 2020-21. Photo / Supplied New Zealand dairy farmers face the prospect of being in a comfortable financial position for the second year running if - as economists expect - milk prices head towards the top end of Fonterra's forecast range this season. ANZ rural economist Susan Kilsby has revised her forecast up by 50c to $7.20/kg and most other banks have a forecast of at least $7/kg, compared with Fonterra's f...