Synlait increases forecast milk price to $10.00/kgMS
GENERAL
Fri, Dec 13 2024 08:30 am
Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2024/2025 season. The forecast has increased to $10.00 per kgMS, up from $9.50 per kgMS.
The increase follows ongoing strengthening in global commodities prices, since Synlait’s last milk price update on 25 November 2024.
Synlait remains committed to delivering a competitive milk price, advanced rates, and to ensure its on-farm offering remains highly attractive to farmer suppliers.
Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor movements and update farmer suppliers as required.
For more information contact:
Hannah Lynch
Head of Strategy & Corporate Affairs
P: +64 21 252 8990
E: [email protected]
Announcement PDF
Markets News
Markets
NZME financial results: $54.2m in earnings
NZ Herald and BusinessDesk publisher NZME posted earnings of $54.2 million on Wednesday and a post-tax loss of $16m after a non-cash impairment of intangible assets – and says it is considering separating its property brand OneRoof into an entirely new business.The company also s...
Markets
Meridian records losses as it 'takes a hit for NZ'
Dramatic drops in profit and earnings due to energy crunch.
Finance
Talley’s vs Bathurst court scrap bursts into the open
First signs of why the Motueka food empire is suing its coal mining partner.
