Synlait Announces $7.00 kgMS Forecast Milk Price

Synlait Milk Ltd · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com

SYNLAIT MILK LIMITED ANNOUNCEMENT NZX: SML
ASX: SM1
28 MAY 2019

SYNLAIT ANNOUNCES $7.00
KGMS FORECAST MILK
PRICE FOR 2019/2020
SEASON
Synlait Milk’s (NZX: SML; ASX: SM1) opening forecast base milk price for the upcoming 2019 / 2020
season is $7.00 kgMS.
Synlait also announced its’ forecast base milk price for the 2018 / 2019 season has increased from $6.25
kgMS to $6.40 kgMS.
“The increase to $6.40 kgMS for this season is due to recovering dairy commodity prices since our last
update in January 2019,” says Leon Clement, Synlait’s CEO.
“We’ve seen steady improvements in prices since the start of December, recovering a lot of the ground
lost earlier in the season,” he says.
Synlait is positive about pricing for the 2019 / 2020 season but acknowledges the $7.00 kgMS relies on
pricing remaining robust throughout the season.
“We think that’s realistic in the light of the current slowdown in world supply and strong demand from our
key markets,” says Mr Clement.
“But as always, these forecasts are based on the best information available to us and we are
recommending that our farmers remain cautious in the face of geopolitical and economic uncertainties.
We will continue to assess movements to ensure our dairy farmers are kept up to date.”
Synlait’s final milk price for the 2018 / 2019 season will be confirmed alongside the annual result
announcement in early September 2019. The forecast for the 2019/2020 season will also be updated at
this time.

ENDS

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

Synlait Milk Ltd · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com

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