Synlait increases forecast milk price to $7.20 kgMS
Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com
NZX: SML
ASX: SM1
26 January 2021
Synlait increases forecast milk price to $7.20 kgMS for 2020 / 2021 season
Synlait Milk Limited (Synlait) has updated its forecast base milk price for the 2020 / 2021 season to $7.20
kgMS from $6.40 kgMS.
Synlait’s decision to increase its forecast base milk price was driven by the strong increase in dairy
commodity prices over recent months and the company’s view that commodity prices will remain around
current levels for the remainder of the milk season.
Synlait’s National Milk Supply Manager David Williams commented: “Despite the wider global uncertainty,
dairy commodity prices have remained robust and a higher forecast base milk price will be welcomed by
our Synlait farmer suppliers. We are grateful for their continued support.”
Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor
movements and keep its farmer suppliers updated.
Synlait’s next milk price announcement will occur in May 2021.
For more information contact:
Media
Jessica Thorn
Senior Communications Advisor – External
P: +64 27 548 4895
E: jessica.thorn@synlait.com
Investors
Hannah Lynch
Corporate Affairs Manager
P: +64 21 252 8990
E: hannah.lynch@synlait.com
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