Synlait’s 2017 / 2018 forecast milk price remains steady

Synlait Milk Ltd
1028 Heslerton Road
RD13, Rakaia 7783
Private Bag 806
Ashburton 7740
New Zealand
P +64 3 373 3000
www.synlait.com Page 1 of 1
SYNLAIT MILK LIMITED NZX: SML
ANNOUNCEMENT ASX: SM1
29 JANUARY 2018
SYNLAIT’S 2017 / 2018 FORECAST MILK
PRICE REMAINS STEADY AT $6.50
Synlait Milk (NZX: SML; ASX: SM1) has reaffirmed its milk price forecast of $6.50 kgMS for
the 2017 / 2018 season.
However the company has signalled that this forecast is dependent on commodity prices
continuing to firm for the rest of the season.
“Our price of $6.50 kgMS has remained in place since May 2017, but global pricing remains
unpredictable,” says John Penno, Managing Director and CEO.
“It is too early in the season to give pricing certainty, but we believe there may be a period
of price stability over the coming months,” says Mr Penno.
“Milk prices have largely been dropping since October, but over the past month the
strengthening outlook for the global economy, subsequent rising general commodity prices,
and the reduced milk production forecast due to difficult weather conditions, have seen
dairy commodity prices strengthen,” he says.
Synlait’s next milk price update for the 2017 / 2018 season will be in May.

ENDS
For more information about Synlait, visit www.synlait.com or contact:

Jessica Thorn
Communications Advisor, Synlait Milk
P: +64 3 373 3353
E: jessica.thorn@synlait.com