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

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees
Primary Sector

Port of Tauranga ‘reluctantly’ doubles MetroPort rail fees

The port says it's working with KiwiRail on 'long-term arrangements'. 

BX Foods settles director disputes, posts $7.9m loss
Primary Sector

BX Foods settles director disputes, posts $7.9m loss

The Chinese-owned food company removed three executives, alleging fiduciary breaches.

Riley Kennedy 03 Jul 2025