18 Nov 2016 --- A rise in global dairy prices has prompted Fonterra to lift its forecast milk prices, as the New Zealand co-operative reports first quarter revenues up six percent to NZ $3.8bn ($2.67bn).The move to rise forecast farmgate milk payouts by 75 cents to NZ $6 ($4.22) from NZ $5.25 ($3.69) per kilogram of milk solids, follows a 50 percent rise in global dairy prices over the past five months amid falling milk production.