Price cut coming?
OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
Not all milk processors in New Zealand are struggling; just look at Westland Milk Products on the West Coast.
Troubled milk processor Synlait Milk won’t find it easy to offload under-utilised South Island assets.
A poor half-year financial result is forcing listed Canterbury milk processor Synlait to carry out “a strategic review” of its North Island assets, including its new plant at Pokeno and blending and canning facility in Auckland.
Listed milk processor Synlait is partnering with rural retailer Farmlands to deliver exclusive discounts to farmer suppliers, who have been battling high farm input costs for the past two years.
One of the world’s largest dairy companies, Nestle is teaming up with Synlait and its 300 farmer suppliers to help fund innovative on-farm emissions reduction tools.
Synlait Milk's financial woes are mounting with farmer suppliers expressing concern about the state of the Canterbury milk processor.
OPINION: If you are an investor in listed Canterbury milk processor, Synlait then you may have a reason to be worried.
Milk processor Synlait claims that despite a poor financial result, it delivered several sustainability successes in the last financial year.
OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.
OPINION: Are the heydays of soaring global demand for butter over?