Synlait forecast milk price update
Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com
NZX: SML
ASX: SM1
31 May 2022
Synlait forecast milk price update
Synlait Milk Limited (Synlait) has decreased its forecast base milk price for the 2021 / 2022 season to
$9.30 per kgMS from $9.60 per kgMS.
Synlait’s opening forecast for the 2022 / 2023 season is $9.00 per kgMS.
Synlait CEO Grant Watson commented: “While some of the shine has come off the 2021 / 2022 season as
dairy commodity prices have fallen over the past two months, this will still be the highest milk price Synlait
has ever paid.”
“The 2022 / 2023 season is starting in a good position with some product already sold at historically high
prices, and foreign exchange movements supporting a strong milk price. Despite these two factors, the
2022 / 2023 season final milk price will still depend on an ever-evolving global situation.”
Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor
movements and keep its farmer suppliers up to date. Synlait’s final milk price for the 2021 / 2022 season
will be confirmed when the company’s full year result is released in September. The 2022 / 2023 season
forecast will be updated at the same time.
For more information contact:
Jessica Thorn
Senior Communications Advisor – External
P: +64 27 548 4895
E: jessica.thorn@synlait.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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