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Synlait increases forecast milk price to $7.20/kg
26 Jan, 2021 03:30 AM
2 minutes to read
The Country
Synlait Milk Limited has updated its forecast base milk price for the 2020/2021 season to $7.20 kgMS from $6.40 kgMS.
Synlait said its decision to increase its forecast base milk price was driven by the strong increase in dairy commodity prices over recent months
The decision was also influenced by the company s view that commodity prices would remain around current levels for the remainder of the milk season.
Despite the wider global uncertainty, dairy commodity prices have remained robust, and a higher forecast base milk price will be welcomed by our Synlait farmer suppliers, Synlait s National Milk Supply Manager David Williams said. ....

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