Synlait forecast milk price update

Synlait Milk Limited (Synlait) has decreased its forecast base milk price for the 2021 / 2022 season to $9.30 per kgMS from $9.60 per kgMS.

Synlait’s opening forecast for the 2022 / 2023 season is $9.00 per kgMS.

Synlait CEO Grant Watson commented: “While some of the shine has come off the 2021 / 2022 season as dairy commodity prices have fallen over the past two months, this will still be the highest milk price Synlait has ever paid.”

“The 2022 / 2023 season is starting in a good position with some product already sold at historically high prices, and foreign exchange movements supporting a strong milk price. Despite these two factors, the 2022 / 2023 season final milk price will still depend on an ever-evolving global situation.”

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 2021 / 2022 season will be confirmed when the company’s full year result is released in September. The 2022 / 2023 season forecast will be updated at the same time.

•  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:

Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes