Synlait increases forecast milk price for 2024/2025 season

The forecast for the 2024/2025 season has increased to $8.60 per kgMS, up from $8.00 per kgMS. Despite the forecast increase, Synlait continues to take a conservative approach to its 2024/2025 forecast, given the exposure to volatile future global dairy commodity prices at the beginning of the season.

Retention of Synlait's milk supply remains a critical priority for the company. Synlait is committed to delivering a competitive milk price and advanced rate profile, which has also been lifted for 2024/2025 to ensure the company's on-farm offering remains attractive to farmer suppliers.

Synlait will continue to monitor future forecast movements and update farmer suppliers as needed.

Synlait’s final milk price for the 2023/2024 season will be confirmed when the company’s full-year result is released on 30 September 2024.

Forecasts are based on the best information available to Synlait at the time.

• Announcement: Synlait increases forecast milk price for 2024/2025 season

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:

CHI - Retirement of Director and completion of board refresh
March 20th Morning Report
A return to prosperity depends on capital - General Finance MD
March 19th Morning Report
IPL - Divestment of Woolworths Mount Roskill
AIA - lands new partnership with global duty-free operator
BRW - Board changes & Withdrawal of meeting request
New Zealand King Salmon - Trading Update
GEN - Financial Assistance for the Purchase of Shares
MPG - Metroglass clarifies media statements by Crescent Capital