Synlait hikes payout forecast on strong dairy view

Mon, 27 Jan 2020

Synlait Milk raised its forecast payout to farmers, saying it expects global dairy prices to stay strong for the rest of the season.The milk processor raised its forecast farmgate payment by 25 cents to a base price of $7.25 per kilogram of milk solids. That would be the highest payout since the 2014 season and is up from $6.58/kgMS last season - comprising a $6.40/kgMS base price and average incentive payments of 18 cents/kgMS.Chief executive Leon Clement said the company expects global prices to remain around current levels for the rest of th...

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