Synlait Milk buttering up its farmers to ensure it has milk

Synlait Milk buttering up its farmers to ensure it has milk
Synlait Milk's site at the South Island Agricultural Field Days. (Image: BusinessDesk)
Riley Kennedy
Synlait Milk is pulling out all the stops to retain its milk supply, having returned to profitability.It is racing against the clock to get as many farmers as possible to withdraw their cease notices by March 31 to access the processor's new premiums.With less than five days to go, it has held meetings with farmers this week and has a sizeable site at the bi-annual South Island Agricultural Field Days at Kirwee, near Christchurch.The 2024 year was a horror for Synlait, having to be bailed out by its two largest shareholders – Bright D...

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