Synlait hoping milk-price lift will boost farmers' confidence

Synlait hoping milk-price lift will boost farmers' confidence
Synlait's site in Pōkeno. (Image: BusinessDesk)
Riley Kennedy
Synlait Milk is hoping the lift in its forecast milk price will go some way to helping restore confidence among its farmer suppliers.The embattled processor increased its base forecast payout for the current season on Thursday by 60c to $8.60 per kilogram of milk solids (kgMS) – 10c higher than Fonterra’s midpoint.In just under two weeks, Synlait’s shareholders will gather at its Dunsandel site to vote on a proposed $217 million capital raise that will see its largest shareholder, China’s Bright Dairy, take a controlling...

More Primary Sector

Sealord's $40m discount
Primary Sector

Sealord's $40m discount

Gains from the $232m purchase helped Sealord’s parent turn a $54m profit. 

Gregor Thompson 24 Dec 2024
What’s that smell? It’s Durian Land
Primary Sector

What’s that smell? It’s Durian Land

Can Thailand persuade New Zealanders to hold their nose and eat durians?

Dileepa Fonseka 23 Dec 2024