The revised forecast indicates weaker global demand since September when the company’s last outlook was provided.
“Based on softer dairy commodity prices across the first half of the 2022/23 season, and the outlook for the remainder of the season we believe it is appropriate to lower our forecast base milk price to $9.00/kgMS,” Synlait’s CEO Grant Watson said.
Shares of Synlait Milk fell nearly 3% at market close.
Price (AUD): $3.36, Change: $-0.09, Percent Change: -2.61%
Farmers up pressure on French government.
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.
1.
2.
3.
4.
5.
eDairy News Spanish
eDairy News PORTUGUESE
The most visited dairy news website in the world
