Synlait Milk increases forecast milk price to $6/kgMS to match Fonterra

Tue, 29 Nov 2016

By Fiona Rotherham Nov. 29 (BusinessDesk) - South Island dairy products processor Synlait Milk has increased its forecast farmgate milk price by $1 to $6 per kilogram of milk solids for the 2016/2017 season, in line with Fonterra’s updated forecast this month. Synlait had planned to provide an updated forecast in February next year but chairman Graeme Milne said it was thought more appropriate to deliver one now for its 200 Canterbury milk suppliers. “We’ve kept a close eye on the global dairy market and the trending increase in dairy...

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