Wednesday, 16 April 2025 09:25

Synlait's back

Written by Milking It

font size decrease font size increase font size

OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.

This was confirmed when the listed company proudly announced that a significant majority of the cease notices issued to the company by farmer suppliers are now withdrawn.

The company's 200 farmer suppliers threatened to vote with their feet as Synlait faced financial doldrums. The company says farmer support provides them with valuable certainty and reflects growing confidence in the company on the back of return to profitability.

Synlait's turnaround is reflecting on its share price: after dropping to 45c/share. In January this year, it jumped to over $1 on March 20 before slipping back and settling around 75c last week.

Featured

How Pungent Pukeko Turned a Passion Project into an Award-Winning Gin Brand

“We’re not normal.” That’s how Jack Walters, executive director of Pungent Pukeko, describes his gin brand, which has just won gold at the World Gin Awards.

Dr Tim Harwood Honoured with 2026 New Zealand Food Safety Award

Dr Tim Harwood, a seafood food safety research leader, has been awarded the 2026 Significant Contribution Award at the New Zealand Institute of Food Science and Technology (NZIFST) Food Industry Awards.

Waikato Waters Begins Operations Across Waikato Region

Today marks the first day of operations for Waikato Waters, a new council-controlled organisation established by six district councils to deliver water and wastewater services for their communities.

MPI Opens $3m Greenhouse Gas Research Funding Round

The Ministry for Primary Industries (MPI) has announced has opened applications for the 2026/27 funding round of the Greenhouse Gas Inventory Research (GHGIR) fund.

Vegetable Industry To Showcase Highlights New Zealand's Growing Future at Parliament

New Zealand’s vegetable sector will take centre stage at Parliament today, celebrating a vital industry and sharing a clear, future focused vision for how it can continue to thrive.