Monday 31st May 2021
|Text too small?|
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
No comments yet
Pacific Edge Limited (NZX: PEB) Placement Upsized Following Strong Demand
24th September 2021 Morning Report
23rd September 2021 Morning Report
Pacific Edge Limited (NZX: PEB) Dual Lists on ASX; Announces Capital Raise to Accelerate
Tower Limited (NZX: TWR) Updates Guidance
South Port New Zealand Limited (NZX: SPN) 2021 Annual Report
22nd September 2021 Morning Report
Kathmandu Holdings Limited (NZX: KMD) FY21 Annual Results Announcement
Stride Property Ltd & Stride Investment Management Ltd (NZX: SPG) Update on Demerger and Office Fund
21st September 2021 Morning Report