Synlait Milk ups forecast payout to $10/kgMS

Synlait has raised its prices to remain competitive with Fonterra. (Image: Synlait)

Fri, 13 Dec 2024

Synlait Milk has upped its milk price once again.The Canterbury-based processor is now forecasting a base milk price of $10 a kilogram of milk solids (kgMS), up from $9.50/kgMS.Fonterra Co-operative Group hiked its price again last week as its first quarter result was announced.The co-op is now forecasting a farmgate payout of $9.50-$10.50/kgMS with the midpoint at $10/kgMS.'A competitive milk price'It was the fourth time Fonterra moved this season, forcing independent processors like Synlait to move with it to ensure it pays a competit...

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