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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.
The news has gone from bad to worse for a2 Milk - the company Synlait had hitched its wagon to.
Six months after welcoming a new chief executive, Maori-owned milk processor Miraka has had to start a new search for a leader.
New data from Statistics NZ shows that Canterbury had the biggest fall in agricultural emissions, down 2.7%, mainly due to a decline in livestock numbers.
Canterbury processor Synlait's first consumer food product is all about eliminating waste.
