Synlait, Westland spruik higher milk payments for farmers in upcoming season

Thu, 31 May 2018

By Tina Morrison June 1 (BusinessDesk) - South Island dairy processors Synlait Milk and Westland Milk Products have raised their forecast milk payment levels to their farmer suppliers for the upcoming season, following a similar move last month by larger rival Fonterra Cooperative Group. Rakaia-based Synlait raised its forecast milk price for the 2017/18 season which officially ended yesterday to $6.65 per kilogram of milk solids, and said the average premium payment of 13 cents would lift the total payout to $6.78/kgMS. It announced an o...

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