Tuesday, 16 March 2021 14:00

Synlait woes

Written by Milking It

font size decrease font size increase font size
Print
Email

OPINION: The misery of a2 milk is being passed onto its New Zealand partners, including Canterbury processor Synlait.

The majority Chinese-owned processor has been forced to withdraw its full-year 2021 performance guidance because of significant uncertainty and volatility within its business.

It says the move was prompted by problems with its major customer, a2 Milk Company, which is reeling from a slump in sales of infant formula to China.

Add to that shipping delays and lower infant formula production, and Synlait finds itself in unchartered waters.

The company will announce its half-year results this month.

Featured

Indian PM Set To Make A Fleeting Visit

With the New Zealand/India Free Trade Agreement (FTA) dominating political debate here, India Prime Minister Narendra Modi will be visiting New Zealand next week.

Southland Farmers Named 2026 Sustainable Farming Ambassadors

Michelle and Tony Roberts didn't inherit the farming business they have today. They’ve built it from the ground up.

How Pungent Pukeko Turned a Passion Project into an Award-Winning Gin Brand

“We’re not normal.” That’s how Jack Walters, executive director of Pungent Pukeko, describes his gin brand, which has just won gold at the World Gin Awards.

Dr Tim Harwood Honoured with 2026 New Zealand Food Safety Award

Dr Tim Harwood, a seafood food safety research leader, has been awarded the 2026 Significant Contribution Award at the New Zealand Institute of Food Science and Technology (NZIFST) Food Industry Awards.

Waikato Waters Begins Operations Across Waikato Region

Today marks the first day of operations for Waikato Waters, a new council-controlled organisation established by six district councils to deliver water and wastewater services for their communities.

MPI Opens $3m Greenhouse Gas Research Funding Round

The Ministry for Primary Industries (MPI) has announced has opened applications for the 2026/27 funding round of the Greenhouse Gas Inventory Research (GHGIR) fund.