Synlait Milk raises forecast milk price by 25c

(Image: Synlait Milk)

Tue, 28 Nov 2023

Synlait Milk has upped its forecast base milk price for the 2023-24 season to $7.25 per kilogram of milk solids (kgMS) from $7.00/kgMS. In a notice to the New Zealand stock exchange (NZX), Synlait said the key drivers of the revised forecast were the continued strength in the US dollar and dairy commodity prices recovering after “significant declines” in August.The company added that the second half of the season was “still to come”.“Forecast confidence will improve, particularly through the peak milk months,...

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