increase font size
Synlait is matching Fonterra's forecast milk price mid-point.
Canterbury milk processor Synlait Milk has lifted its forecast base milk price for the season by 50c to $10/kgMS.
The listed processor, majority-owned by China’s Bright Dairy, is now matching Fonterra’s forecast milk price mid-point.
In a statement to NZX, Synlait says the increase follows ongoing strengthening in global commodities prices, since Synlait’s last milk price update on 25 November 2024.
Synlait remains committed to delivering a competitive milk price, advanced rates, and to ensure its on-farm offering remains highly attractive to farmer suppliers.
Forecasts are based on the best information available to Synlait at the time. Synlait will continue to monitor movements and update farmer suppliers as required, the company says.
Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.
OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.
Fonterra says it takes the ongoing threat of 'adverse cyber action' extremely seriously.
Despite the turmoil in global markets, Fonterra is continuing with a dual track process to divest its multi-billion dollars consumer businesses.
Fonterra says the US continues to be an important market for New Zealand dairy and the co-op.
Among the regular exhibitors at last month’s South Island Agricultural Field Days, the one that arguably takes the most intensive preparation every time is the PGG Wrightson Seeds site.
Two high producing Canterbury dairy farmers are moving to blended stockfeed supplements fed in-shed for a number of reasons, not the least of which is to boost protein levels, which they can’t achieve through pasture under the region’s nitrogen limit of 190kg/ha.
Buoyed by strong forecasts for milk prices and a renewed demand for dairy assets, the South Island rural real estate market has begun the year with positive momentum, according to Colliers.
The six young cattle breeders participating in the inaugural Holstein Friesian NZ young breeder development programme have completed their first event of the year.
New Zealand feed producers are being encouraged to boost staff training to maintain efficiency and product quality.
OPINION: The world is bracing for a trade war between the two biggest economies.
OPINION: Should Greenpeace be stripped of their charitable status? Farmers say yes.
OPINION: After years of financial turmoil, Canterbury milk processor Synlait is now back in business.
