Primary Sector

Synlait brings its forecasts in line with Fonterra

Rebecca Howard
Tue, 31 May 2022

Synlait brings its forecasts in line with Fonterra
The 2021-22 forecast is for $9.30 kgMS. (Image: Supplied)
Rebecca Howard
Tue, 31 May 2022
Synlait Milk lowered its forecast base milk price for the 2021-22 season to $9.30 per kilogram of milk solids from $9.60 per kgMS, bringing it back in line with Fonterra’s latest forecast.“While some of the shine has come off the 2021-22 season as dairy commodity prices have fallen over the past two months, this will still be the highest milk price Synlait has ever paid,” said chief executive, Grant Watson.The opening forecast for the 2022-23 season is $9.00 per kgMS, also in line with Fonterra. The new season kicks off tomorr...

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