Thursday, 10 October 2024 10:56

Synlait lifts milk price to $9

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

The 40c jump in Synlait’s milk price matches Fonterra’s mid-point.

Canterbury milk processor Synlait has lifted its forecast base milk price for the 2024/2025 season to $9/kgMS.

The 40c jump in Synlait’s milk price matches Fonterra’s mid-point and points to further consolidation around a minimum $9 payout for the season.

Synlait says continued strengthening in global commodities prices, off the back of contractions in global supply, drive this forecast increase.

The company says that it remains committed to delivering a competitive milk price, advanced rates, and to ensure its on-farm offering remains highly attractive to farmer suppliers.

Forecasts are based on the best information available to Synlait at the time, it says.

Synlait will continue to monitor movements and update farmer suppliers as required.

Featured

Fieldays 2025 theme showcases global impact of agriculture

Fieldays 2025 opens this week with organisers saying the theme, 'Your Place', highlights the impact the event has on agriculture both in the Southern Hemisphere and across the globe.

Hastings’ Sam Carter wins Hawke’s Bay 2025 Young Grower Regional Title

Sam Carter, assistant manager for T&G's Pakowhai Sector, has been named the Hawke's Bay 2025 Young Grower of the Year.

Apples and Pears NZ to focus on boosting grower returns

The CEO of Apples and Pears NZ, Karen Morrish, says the strategic focus of her organisation is to improve grower returns.

NZ scientists make breakthrough in Facial Eczema research

A significant breakthrough in understanding facial eczema (FE) in livestock brings New Zealand closer to reducing the disease’s devastating impact on farmers, animals, and rural communities.

LIC Space folds for good

Farmer co-operative LIC has closed its satellite-backed pasture measurement platform – Space.

Editorial: Time for common sense

OPINION: The case of four Canterbury high country stations facing costly and complex consent hearing processes highlights the dilemma facing the farming sector as the country transitions into a replacement for the Resource Management Act (RMA).

National

Fieldays team set to deliver an exciting four-day event

Newly appointed National Fieldays chief executive Richard Lindroos says his team is ready, excited and looking forward to delivering the…

Digital 'SOS' billboards take farmers' message to the Beehive

Government ministers cannot miss the ‘SOS’ – save our sheep call - from New Zealand farmers.

Tax expert hails 20% deduction as golden opportunity for agribusiness investment

A tax advisory specialist is hailing a 20% tax deduction to spur business asset purchases as a golden opportunity for…

Sheep and beef farmers approve FMD readiness agreement with government

Sheep and beef farmers have voted to approve Beef + Lamb New Zealand signing an operational agreement between the agricultural…

ASB and Lincoln University Report: Smarter Land Use Could Unlock Billions for NZ Farmers

A new report from ASB and Lincoln University shows how smarter, more diverse land use could unlock billions in value…

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

Kioti carves out a miracle among the big boys

Distributed by Power Farming Group, the Kioti tractor brand has carved a niche for itself over the past two decades…

Autosteering increases precision, reduces machine operator fatigue

With the price of guidance systems dropping like a stone over the last decade and substantial falls in the last…

Valtra launches sixth-gen S-Series tractors in Australia and New Zealand

Manufactured at its Suolahti factory in Finland, Valtra has released the sixth-generation S-Series tractor range for Australia and New Zealand.

» Latest Print Issues Online

Visit archives

» Connect with Rural News

RSS Facebook Twitter

Synlait lifts milk price to $9

Read More

More like this

» Latest Print Issues Online

» Connect with Rural News

» eNewsletter