Displaying items by tag: Synlait Milk

Synlait Milk has dual listed on the Australian Securities Exchange (ASX) and started trading on Friday.

Synlait Milk has dropped forecast milk price for the 2015 -16 season from $5/kgMS to $4.20/kgMS.

Canterbury-based independent milk processor Synlait Milk has reported a drop in profit, largely due to decreases in dairy prices.

Synlait Milk is pairing up with US company, Munchkin Inc. in a deal that aims to increase premium earning milk supply opportunities.

Synlait Milk has set a forecast milk price for the upcoming 2015/2016 dairy season of $5.50/kgMS, saying they have confidence that commodity prices will recover.

Small dairy companies are confident that existing security measures at their processing plants will keep the 1080 threat at bay.

South Canterbury processor Synlait Milk says milk supply has not been affected despite prolonged dry weather in the region.

Synlait Milk has posted a $19.6 million net profit after tax for the year ending July 2014, up 70% on the previous year.