Synlait Milk Races to Retain Suppliers Amid Profit Turnaround

Synlait Milk Limited (NZX: SML) is making urgent efforts to secure its milk supply after returning to profitability. The company is pushing farmers to withdraw their cease notices by March 31 to qualify for its new premium payments. With just days remaining, Synlait has held farmer meetings and set up a strong presence at the South Island Agricultural Field Days in Kirwee, Christchurch. The company is determined to recover from a tough 2024, during which it required financial support from its largest shareholders, Bright Dairy and another major investor. By offering competitive incentives, Synlait aims to stabilize its supplier base and strengthen its position in the dairy industry.

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