Thursday, 10 October 2024 10:56

Synlait lifts milk price to $9

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


 Read More


More like this

Synlait's back

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

Featured

Farmers urged not to be complacent about TB

New Zealand's TBfree programme has made great progress in reducing the impact of the disease on livestock herds, but there’s still a long way to go, according to Beef+Lamb NZ.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

National

Machinery & Products

Farmer-led group buys Novag

While the name and technology remain unchanged and new machines will continue to carry the Novag name, all the assets,…

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

» Latest Print Issues Online

The Hound

Make it 1000%!

OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of…

Own goal

OPINION: The irony of President Trump’s tariff obsession is that the worst damage may be done to his own people.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter