Company says ongoing geopolitical uncertainty could result in a range of outcomes for next season.
Synlait has announced an opening forecast base milk price for the 2025-2026 season of $10/kg MS.
The forecast is based on a continued optimistic outlook for prices and reflects Synlait’s commitment to match the industry’s advance rates and milk price, the company said.
It noted that ongoing geopolitical uncertainty could result in a range of outcomes for next season.
The price matches Fonterra’s opening forecast of $10/kg MS, announced on May 29.
Taupō-based Miraka announced its opening new season forecast of $8.85–$10.85/kg MS with a midpoint of $9.85/kg MS a day later.
Synlait’s final milk price for the 2024/25 season will be confirmed on September 29 when the company releases its full-year result.
The 2024-2025 forecast base milk price remains at $10/kg MS reflecting a 25% increase on Synlait’s opening forecast price for the season of $8/kg MS.
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