Synlait increases its milk-price forecast to $8.60 per kgMS

(Image: NZME)

Thu, 05 Sep 2024

Synlait Milk has upped its forecast base milk price but says it continues to take a conservative approach.The dual-listed processor increased its base forecast by 60c to $8.60 per kilogram of milk solids (kgMS).The new forecast sits 10c higher than Fonterra’s midpoint of $8.50/kgMS.Synlait’s increase comes nearly two weeks after the dairy giant upped its payout and advance rate schedule.'Critical priority'It is the first adjustment Synlait has made since issuing its opening forecast in May. At the time, it said it was taking...

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