Synlait Milk increases forecast farmgate milk price

It's been two weeks since Fonterra lifted its payout. (Image: supplied)

Mon, 25 Nov 2024

Synlait Milk has upped its forecast milk price to $9.50 per kilogram of milksolids (kgMS)The newly capitalised processor’s latest upgrade is up from $9/kgMS.In a brief statement to the NZX on Monday, Synlait said its increase followed recent strengthening in global commodities prices since it last moved in early October.“Synlait remains committed to delivering a competitive milk price, advanced rates, and to ensure its on-farm offering remains highly attractive to farmer suppliers,” it said.Its increase comes after two Global...

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