Synlait increases forecast milk price to $9.60/kgMS
Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com
NZX: SML
ASX: SM1
24 March 2022
Synlait increases forecast milk price to $9.60/kgMS
Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2021 / 2022 season to
$9.60/kgMS from $9.25/kgMS.
The forecast milk price update released today is outside of Synlait’s usual cycle of January, May and
September updates. Since Synlait’s January forecast update there has been a significant increase in
all global commodity prices.
Synlait CEO Grant Watson commented: “It is important Synlait responds in a timely fashion to large
movements in commodity prices to ensure we deliver a competitive farmgate milk price (and
associated cashflow) to our farmers.”
Forecasts are based on the best information available to Synlait at the time. Synlait will continue to
monitor movements and keep its farmer suppliers updated.
For more information contact:
Hannah Lynch
Corporate Affairs Manager
P: +64 21 252 8990
E: hannah.lynch@synlait.com
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Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- FSF — Fonterra Shareholders' Fund: Fonterra revises its 2021/22 forecast Farmgate Milk Price2022-05-08
“9 May 2022 Fonterra revises its 2021/22 forecast Farmgate Milk Price Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9.30 - $9.90 per kgMS to $9.10 - $9.50 per kgMS. This reduces the midpoint of the range, which farm…”
- FCG — Fonterra Co-operative Group Limited: Fonterra revises its 2021/22 forecast Farmgate Milk Price2022-05-08
“9 May 2022 Fonterra revises its 2021/22 forecast Farmgate Milk Price Fonterra Co-operative Group Limited today revised its 2021/22 forecast Farmgate Milk Price range from $9.30 - $9.90 per kgMS to $9.10 - $9.50 per kgMS. This reduces the midpoint of the range, which farm…”
- FSF — Fonterra Shareholders' Fund: Fonterra lifts forecast Farmgate Milk Price range2022-01-24
“25 January 2022 Fonterra lifts forecast Farmgate Milk Price range Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which…”