Synlait Milk Raises 2024, 2025 Base Milk Price Forecast Anew

MT Newswires Live

2024-12-13

Synlait Milk (NZE:SML, ASX:SM1) further increased its forecast base milk price for the 2024 to 2025 season to NZ$10 per kilogram of milksolids (kgMS) from NZ$9.50 per kgMS, according to a Friday filing with the Australian and New Zealand bourses.

The dairy company attributed the upgrade to ongoing strengthening in global commodities prices. It last raised its forecast on Nov. 25.

Synlait's shares were down more than 2% in recent Friday trade in New Zealand and were up over 1% in Australia.

Price (AUD): $0.41, Change: $-0.01, Percent Change: -2.38%

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