Synlait trims forecast as covid-19 threatens to hit demand

Synlait trims forecast as covid-19 threatens to hit demand
Rebecca Howard
Synlait Milk lowered its forecast milk payout for the season just ending and was conservative going forward as dairy prices drop and the covid-19 outbreak threatens to bite into demand. The milk processor expects to pay $7.05 per kilogram of milk solids for the season just ending, down from a prior forecast of $7.25/kgMS. The final number will be confirmed when Synlait releases its annual result in September. “The decision to reduce our forecast base milk price for the 2019/2020 season is because, in line with other commodities, dairy pri...

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