Synlait lifts 2024/25 forecast milk price

The company says it remains committed to delivering a competitive milk price. (Image: Synlait)

Thu, 10 Oct 2024

Synlait Milk has increased its forecast base milk price for the 2024/2025 season, bringing it in line with the midpoint of Fonterra Co-operative Group's range.It lifted its forecast to $9 per kilogram of milk solids, up from $8.60 per kgMS, citing “continued strengthening in global commodities prices, off the back of contractions in global supply”.The company said it remains committed to delivering a competitive milk price and advanced rates and to ensuring its on-farm offering remains highly attractive to farmer suppliers.Fonte...

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