SML - Synlait increases forecast milk price

Synlait Milk Limited (Synlait) has increased its forecast base milk price forecast for the 2023 / 2024 season to $7.25/kgMS from $7.00/kgMS.

Dairy commodity prices have recovered, after significant declines in August, and continued US dollar strength underpin the increase in Synlait’s forecast base milk price. However, Synlait notes the second half of the season is still to come. Forecast confidence will improve, particularly through the peak milk months, as the remaining product is contracted. The revised forecast milk price aims to provide reassurance to Synlait farmer suppliers operating under tough economic market conditions.

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.

•  Announcement: Synlait increases forecast milk price to $7.25/kgMS for 2023 / 2024 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:

Deposit scheme reduces risk, boosts trust - General Finance
May 12th Morning Report
PFI - Q3 Div & Upgraded FY25 Div Guidance, FY26 Div Guidance
AIA - Auckland Airport announces leadership team change
May 9th Morning Report
May 8th Morning Report
NZME Takeovers Panel determination
MNW - Commerce Commission clears the Contact Energy acquisition
May 7th Morning Report
General Capital Appoints New CFO