Synlait increases forecast milk price to $7.50/kgMS
Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com
NZX: SML
ASX: SM1
19 January 2024
Synlait increases forecast milk price to $7.50/kgMS for 2023 / 2024 season
Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2023 / 2024 season to
$7.50/kgMS from $7.25/kgMS.
Dairy commodity prices have continued to improve since Synlait’s previous announcement,
underpinning the forecast increase. While global demand remains subdued, global milk production
has tightened, increasing dairy commodity prices. The revised forecast milk price will bring some relief
to Synlait farmer suppliers operating under tough economic market conditions.
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.
For more information contact:
Allan Swann
Corporate Communications Manager
P: +64 21 211 4874
E: allan.swann@synlait.com
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