Synlait Milk Limited (NZX: SML) Forecast Milk Price Update

Synlait Milk Limited has increased its forecast base milk price for the 2020 / 2021 season to $7.55 kgMS from $7.20 kgMS.

Synlait’s opening forecast for the 2021 / 2022 season is $8.00 kgMS.

Synlait CEO John Penno commented: “Commodity prices have continued to outperform our expectations, predominantly due to strong Chinese demand, combined with a relatively stable FX rate, meaning we are pleased to increase our forecast for this season and next.”

Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor movements and keep its farmer suppliers up to date.

Synlait’s final milk price for the 2020 / 2021 season will be confirmed when the company releases its full year 2021 result on Monday 27 September. The 2021 / 2022 season forecast will be updated at the same time.

Please see the links below for details

Synlait forecast milk price update

Source: Synlait Milk Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

NZME celebrates significant digital subscription milestone
GSH - Acquisition of Viaduct venue
DGL - Delisting from the Main Board of NZX Limited
KPG Annual Meeting 2022 presentation and address
NZL - Completion of Retail Bookbuild
ArborGen Announces Board Change
Oceania announces $500m sustainability-linked loan
MFB - Nomination of Cecilia Robinson
29th June 2022 Morning Report
GSH Appointment of new Chairman