Synlait confident it has enough milk for the next two seasons

Synlait confident it has enough milk for the next two seasons
Synlait's chief executive, Tim Carter. (Image: Supplied)
Riley Kennedy
Synlait Milk is confident it has “sufficient” milk for the next two dairy seasons, having reconfirmed that a majority of the cease notices issued have now been withdrawn.The Canterbury dairy processor’s farmer suppliers had until Monday to withdraw their notices to access the new premiums it dished out to entice them to stay.Synlait returned to profitability in the first six months of its financial year, reporting a net profit of $4.8 million.Acting chief executive Tim Carter said there was a positive uplift in cease withdrawa...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Riley Kennedy 23 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025