UPDATE: Synlait boss says exchange rate should boost next season's payout

Thu, 31 Mar 2016

(Recasts, adding comments from chief executive. Fixes mistake around 201 suppliers as that's not until next season) By Fiona Rotherham March 31 (BusinessDesk) - Synlait Milk managing director and chief executive John Penno says its farmer suppliers can expect 50 cent per kilogram of milk solids from exchange rate benefits in next season’s payout. When asked about the outlook for global dairy prices, Penno said things would remain difficult next season with low international prices until European farmers stopped increasing production, w...

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