Two Major NZ Dairy Deals Completed
Two major acquisitions in the New Zealand dairy sector were completed this week.
Synlait chief executive Leon Clement says that in line with other commodities, dairy prices have eased significantly this year.
“As a result (prices) are lower than we were anticipating when the forecast was set in January.”
Synlait’s opening forecast for the 2020- 21 season is $6/kgMS.
Clement says COVID-19 has created significant global uncertainty.
“We don’t yet have a clear view of COVID-19’s economic impact, but we do know it will impact demand, resulting in our decision to release a conservative opening forecast for the 2020- 2021 season.”
