SYNLAIT MILK has increased its forecast milk price for the 2014 season from $8kg/MS to a range of $8.30 to $8.40/kg/MS as the result of continuing high international commodity prices.

SYNLAIT MILK expects to outperform financial targets on the basis of a favourable product mix.

IF CHINA’s Shanghai Pengxin takes a 75% slice of Synlait Farms it will be business as usual for the cows and staff on SF’s 13 dairy properties, building on current capacity rather than rushing to add extra area, says the farms’ chief executive.

SYNLAIT MILK has helped the local Volunteer Fire Brigade in Dunsandel by funding a new emergency response vehicle that will support the community.

CANTERBURY MILK nutrition company Synlait Milk is supportive of the investment by AgResearch in its campus infrastructure.

Listed Dairy processor Synlait Milk has announced an $11.5 million net profit for the year ending July 31, 2013, an increase of $7.1m on the previous year.

Widespread power outages and blocked roads from severe weather have affected Canterbury dairy farms including those supplying milk to Synlait Milk.

Continuing high international commodity prices have seen Synlait Milk increase its forecast milk price for the FY2014 season from $7kgMS to $8 kgMS.

Canterbury-based processor Synlait Milk says it has decided to take a "significant allocation" of milk from Fonterra as permitted under the Dairy Industry Restructuring Act for the year ending July 2014.

Synlait Milk has reassured its customers that all products it has manufactured are safe.