Synlait Milk lifts payout forecast 16%

Synlait expects prices to remain high for some time. (Image: Supplied)

Fri, 28 Jan 2022

Synlait Milk lifted its forecast base price payout for suppliers by 16% on strong demand. It now expects to pay suppliers a base price of $9.25 per kilogram of milk solids (KgMS) in the 2021-22 season, up from $8.00. Synlait also pays its suppliers a series of premiums and incentives. Chief executive Grant Watson said the jump is because dairy commodity prices have strengthened significantly as strong global demand has outrun restricted supply.Covid-19 is having a significant impact as illness and lockdowns have an impact on productio...

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