Synlait increases 2017 / 2018 forecast milk price

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
1 JUNE 2018
SYNLAIT INCREASES 2017 / 2018
FORECAST MILK PRICE, ANNOUNCES
$7.00 kgMS FORECAST FOR 2018 / 2019
Synlait Milk’s (NZX: SML; ASX: SM1) forecast base milk price for the 2017 / 2018 season has
increased from $6.50 kgMS to $6.65 kgMS.
Combined with a forecast average premium payment of $0.13 kgMS, the total milk price forecast for
2017 / 2018 is now $6.78 kgMS.
“The increase to $6.65 kgMS for this season reflects an increase in dairy commodity prices since our
last update in January 2018,” says John Penno, Managing Director and CEO.
Synlait has also announced an opening forecast base milk price for the upcoming 2018 / 2019 season
of $7.00 kgMS, based on milk fat prices remaining firm throughout the season.
“We’re positive about next season but, like us, farmers should remain cautious because small
changes in market dynamics can have a major influence on milk price,” says Mr Penno.
“As always, these forecasts are based on the best information available to us and we will continue to
assess movements to ensure we keep our dairy farmers up to date.”
Synlait’s final milk price for the 2017 / 2018 season will be confirmed alongside their annual result in
early September 2018.
ENDS
For more information about Synlait, visit or www.synlait.com or contact:

Dan Walraven
Communications Manager, Synlait Milk
P: +64 27 836 7532
E: daniel.walraven@synlait.com