Synlait's dilemma: how many farmers want out?

(Image: Supplied)

Thu, 04 Apr 2024

Thu, 04 Apr 2024

At least 50 of Synlait’s farmers have given notice to take their milk elsewhere, BusinessDesk understands. But the New Zealand stock exchange (NZX) listed company, currently facing material uncertainty with high debt levels, won’t comment, citing commercial sensitivity. It has a four-month extension until July on its $130 million debt facility. On Tuesday, it said it would be undertaking a strategic review of its North Island assets after reporting a $96.2m loss for the first half to Jan 31. It is the third largest pr...

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