Synlait’s shuttle service removes an estimated 360 cars a week from SH1 / Main South Road, one of Canterbury’s busiest, improving road safety for everyone.

Synlait has successfully completed its pro rata entitlement offer announced on September 19, raising $98 million of new equity.

Synlait has had its strongest year yet, tripling after-tax profit to $34.4 million for the year to July 31.

Fonterra surprised observers last week by announcing an early upgrade of its milk price; the GlobalDairyTrade (GDT) price index lift of just 1.7% was lower than expected, says ASB’s senior rural economist Nathan Penny.

Michael Stein, Synlait's general manager quality and regulatory, has accepted the role a quality and food safety director, Asia Pacific, with Danone Nutricia Early Life Nutrition.

Synlait Milk's forecast milk price for the 2016-17 season is $4.50/kgMS.

Facing another year of low payout, Landcorp says it is shifting to lower intensity systems — reducing supplementary feeding and instead focusing on grass.

Canterbury processor Synlait has reported a net profit of $12.4 million for the first half of 2016.

The Hound notes that Fonterra’s head of people, culture and safety, Maury Leyland, left the co-op at the end of the month, citing personal reasons.

Canterbury milk processor Synlait has taken on 28 more milk suppliers to meet growing demand for its value added milk products.