Synlait Milk Lifts 2024/2025 Forecast Milk Price to $9 per kgMS

Synlait Milk Limited (NZX: SML) has raised its forecast base milk price for the 2024/2025 season to $9 per kilogram of milk solids (kgMS), up from its previous estimate of $8.60 per kgMS. This adjustment aligns with Fonterra Co-operative Group’s midpoint range. The increase is attributed to the ongoing rise in global commodity prices driven by tightening global milk supply. Synlait emphasized its commitment to offering competitive milk prices and attractive on-farm conditions to support its farmer suppliers. This forecast boost signals optimism for the dairy industry, driven by favorable market conditions and global supply constraints.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com