Synlait lifts 2020-21 milk payout forecast

Mon, 31 May 2021

Strong Chinese demand spurred Synlait Milk to lift its milk price for the 2020-21 season and announce a strong opening forecast for the season that kicks off tomorrow.The 2020-21 forecast base milk price rose to $7.55 per kilogram of milk solids, up from $7.20 kgMS, while its opening forecast for the 2021-2022 season is $8 kgMS.“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 seaso...

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