Synlait | Synlait lifts milk forecast to $9/kg MS

New forecast puts Synlait on par with Fonterra’s midpoint forecast.

Synlait suppliers have been given a boost after the company announced it has increased its forecast milk price for the 2024/2025 season by 40 cents to $9/kg MS.

The forecast increase puts Synlait on par with Fonterra’s $9/kg MS midpoint forecast, which has a $8.25-$9.75 per kg MS range.

In a statement released on NZX, Synlait said that continued strengthening in global commodities prices, off the back of contractions in global supply, drive the forecast increase.

Last month, the company offered its South Island suppliers a 20 cent/kg MS one-off payment in a bid to retain their milk, announcing the payment when it released its results for the 2024 financial year.

The payment is conditional on South Island farmers not having a cessation notice in place on May 31, 2025; that they are supplying milk to Synlait in the 2025-2026 season; and that they remain un-ceased until August 31 2025.

You can now read the most important #news on #eDairyNews #Whatsapp channels!!!

🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K

Look also

Rising Butter Prices Give European Consumers and Bakers a Bad Taste

The price for the butter so essential to the pastries has shot up in recent months, by 25% since September alone, Delmontel says.

You may be interested in

Ag observer says dairy industry is up against many challenges in the year ahead

Rising Butter Prices Give European Consumers and Bakers a Bad Taste

The shape of things to come: Global dairy markets

Topics |
Synlait

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.