Synlait forecast milk price update

Synlait Milk Limited (Synlait) has provided forecast milk price updates for the 2023/2024 and 2024/2025 seasons.

2023/2024 season forecast update

Synlait has maintained its forecast base milk price for the 2023/2024 season at $7.80 per kgMS.

2024/2025 season opening forecast

Synlait’s opening forecast for the 2024/2025 season is $8.00 per kgMS. Synlait has taken a conservative approach to its forecasts given the exposure to future global dairy commodity prices, which are volatile in nature, at the beginning of the season.

Synlait farmer suppliers have received, on average, $0.28 per kgMS incentives above the base milk price for the last two seasons. The company is forecasting to pay similar incentives for the 2023/2024 and 2024/2025 seasons.

Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor movements and keep farmer suppliers updated as required. Synlait’s final milk price for the 2023/2024 season will be confirmed when the company’s full year result is released in September. The 2024/2025 season forecast will also be updated at the same time.

•  Announcement: Synlait Forecast Milk Price Update

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:

Devon Funds Morning Note - 24 January 2025
Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report
KPG - Changes to the Kiwi Property Board