Editorial: Time running out for Synlait
OPINION: A $130 million loan from major shareholder Bright Dairy will only keep the lights on at Synlait for so long.
OPINION: Canterbury milk processor Synlait is showing no sign of bouncing back from its financial doldrums.
The listed company’s share price has dropped to 50c/share, valuing the company at only around $100 million. The share price has been travelling south despite the company working hard to sell off under-utilised assets and reduce debt.
Milking It reckons all this means a takeover bid could be around the corner. Watch out for Bright Dairy of China; it already owns 39% of Synlait and could easily fork out a couple hundred million to buy the company outright.
The Chinese know how to run successful dairy companies in NZ; just look at Westland Milk, which reported a record revenue of over $1b last financial year.
Fruit and vegetable growers have overwhelmingly voted to continue paying their Horticulture New Zealand levy.
Farmers are hoping for a respite from complex national health and safety laws, under review by the Coalition Government.
When Cyclone Gabrielle hit in February 2023, it left an estimated $13.5 billion worth of damage across New Zealand.
The Ministry for Primary Industries (MPI) is investigating a Southland farm over poor grazing practices after some dairy cows were found stuck in mud.
Having taken over from the previous distributor, who represented the brand for two decades, Landini New Zealand marks the beginning of a new distribution deal with Norwood, with a first look at Fieldays.
Strong demand for milkfats - anhydrous milkfat (AMF) and butter - is helping boost the farmgate milk price, according to ANZ agriculture economist Susan Kilsby.
OPINION: It seems ‘rural travel’ is getting very expensive these days.
OPINION: A global plant-based milk company has confirmed it is not going ahead with its first UK factory.