Update: Synlait lifts milk forecast while Fonterra reaffirms its one, trims dividend

Tue, 24 Mar 2015

By Fiona Rotherham March 25 (BusinessDesk) - Synlait Milk has increased its forecast market milk price upwards for the 2015 season to a level closer to Fonterra Cooperative Group's, which was reaffirmed in the Fonterra interim results today. Synlait said its forecast would rise from $4.40 per kilograms of milk solids to a range of $4.50 to $4.70 kg/MS, following the market recovering faster than expected. Fonterra confirmed its forecast payout for the current season of $4.70 kg/MS, down from a record $8.40 kg/MS last season, with guida...

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