Tuesday, 16 March 2021 14:00

Synlait woes

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: The misery of a2 milk is being passed onto its New Zealand partners, including Canterbury processor Synlait.

The majority Chinese-owned processor has been forced to withdraw its full-year 2021 performance guidance because of significant uncertainty and volatility within its business.

It says the move was prompted by problems with its major customer, a2 Milk Company, which is reeling from a slump in sales of infant formula to China.

Add to that shipping delays and lower infant formula production, and Synlait finds itself in unchartered waters.

The company will announce its half-year results this month.

More like this

Greenpeace a charity?

OPINION: Should Greenpeace be stripped of their charitable status? Farmers say yes.

Synlait's back

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

Media pile on

OPINION: Staying on media double standards, another example of the woke media was on full display last week.

OPINION: As soon as RNZ realised MP Andrew Hoggard's sister worked for Dairy Companies Association of NZ (DCANZ) and was, shock horror, lobbying government on behalf of its members, it wasted no time accusing him of not managing conflicts of interests.

Greenpeace in trouble?

OPINION: Is it the beginning of the end for Greenpeace?

Featured

Former Beef+Lamb NZ CEO appointed head of Foundation for Arable Research

Former chief executive of Beef+Lamb New Zealand Scott Champion will head the Foundation for Arable Research (FAR) from July.

Avian flu poses top biosecurity threat to NZ, says Hoggard

Avian flu getting into New Zealand's poultry industry is the biosecurity threat that is most worrying for Biosecurity Minister Andrew Hoggard.

Government mandate to double NZ wool use, says Wool Impact CEO

The annual domestic utilisation of wool will double to 30,000 tonnes because of the edict that government agencies should use woollen fibre products in the construction of new and refurbished buildings.

Gongs for best field days site

Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.

Feed help supplements Canterbury farmers meet protein goals

Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.

» Latest Print Issues Online

Visit archives