Synlait forecast milk price update
Synlait Milk Limited · 1028 Heslerton Road, RD13 Rakaia, Canterbury, New Zealand · +643 373 3000 · www.synlait.com
NZX: SML
ASX: SM1
31 May 2021
Synlait forecast milk price update
Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2020 / 2021 season to
$7.55 kgMS from $7.20 kgMS.
Synlait’s opening forecast for the 2021 / 2022 season is $8.00 kgMS.
Synlait CEO John Penno commented: “Commodity prices have continued to outperform our
expectations, predominantly due to strong Chinese demand, combined with a relatively stable FX
rate, meaning we are pleased to increase our forecast for this season and next.”
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.
Synlait’s final milk price for the 2020 / 2021 season will be confirmed when the company releases its
full year 2021 result on Monday 27 September. The 2021 / 2022 season forecast will be updated at
the same time.
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
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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