Synlait trims forecast as covid-19 threatens to hit demand

Thu, 28 May 2020

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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