RESEND: Synlait's 2016/17 milk price forecast ahead of rival Fonterra

Tue, 07 Jun 2016

(Fixes spelling of Bright Food in second-to-last paragraph) By Tina Morrison June 7 (BusinessDesk) - Synlait Milk, the South Island-based milk processor, expects to pay its farmer suppliers 5.9 percent more for the upcoming season than larger rival Fonterra Cooperative Group. Rakaia-based Synlait plans to pay its farmer suppliers $4.50 per kilogram of milk solids for the 2016/17 season, compared with Fonterra's $4.25/kgMS forecast. Synlait lowered its forecast milk price for the 2015/16 season to $3.90/kgMS, in line with Fonterra's exp...

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