Synlait lifts forecast milk price for 2018/19 season, upbeat about new season

Mon, 27 May 2019

By Rebecca Howard May 28 (BusinessDesk) - Synlait Milk lifted its forecast milk price for the season that just ended on higher global dairy prices and is positive about the season starting in June. The Rakaia-based milk producer raised its forecast base milk price for the 2018/2019 season to $6.40 per kilogram of milk solids from $6.25/kgMS. Its opening forecast for the 2019/2020 season is $7.00 kg/MS. "The increase to $6.40/kgMS for this season is due to recovering dairy commodity prices since our last update in January 2019,” said c...

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