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.

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