Synlait Milk reaffirms milk price forecast for 2017/18 season

Sun, 28 Jan 2018

By Tina Morrison Jan. 29 (BusinessDesk) - Synlait Milk, the NZX-listed milk processor, said it expects to achieve its forecast milk price payout to farmers so long as commodity prices continue to firm for the remainder of the season. The dairy company reaffirmed its forecast milk price of $6.50 per kilogram of milk solids for the 2017/18 season which runs from June 1 to May 31. However, the company signalled in a statement to the NZX that this forecast is dependent on commodity prices continuing to firm for the rest of the season. Its for...

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