Synlait payout now in line with Fonterra's forecast

Synlait is due to report first-half earnings on April 1. (Image: Supplied)

Thu, 24 Mar 2022

Synlait Milk lifted its forecast milk price for the current season on the back of the significant increase in global commodity prices.The milk company expects to pay its suppliers $9.60 per kilogram of milksolids (kgMS), up from a prior forecast of $9.25/kgMS. Synlait also pays its suppliers a series of premiums and incentives.The forecast brings it in line with Fonterra’s mid-point.In February, Fonterra said it expects to pay farmers $9.30-$9.90/kgMS in the current season, up from a prior forecast of $8.90-$9.50/kgMS.Synlait normally rev...

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