Canterbury dairy company Synlait Milk has begun selling a milk powder ingredient it claims is clinically proven to enhance sleep. 

Federated Farmers Dairy president Andrew Hoggard is urging farmers to maintain a frugal mindset in the face of disappointing half-year results by processors.

Canterbury processor, Synlait Milk has increased its forecast of the market milk price for this season from $4.40/kgMS to a range of $4.50 - $4.70/kgMS.

Synlait Milk is confident that its food safety systems and security standards protect the integrity of its products.

Synlait Milk has revised its forecast of the market milk price for the FY2015 season down from $5/kgMS to $4.40/kgMS; along with a corresponding decrease in advance rates to farmers.

Current dry weather in Canterbury is expected to have little impact on Synlait Milk's milk supply because almost all Synlait suppliers have reliable irrigation water access.

SYNLAIT MILK is intent on selling more to key customers and growing its infant formula and nutritional sales, chairman Graeme Milne told the annual meeting of shareholders last week.

Yesterday's Synlait Milk annual meeting delivered good news for members, with the company showing solid performance for the 2013 financial year.

FOLLOWING THE Canterbury A&P show, the Synlait Boys and Girls Agricultural Club, last week held their own championship day at Canterbury Agricultural Park.

SYNLAIT MILK is now a registered manufacturer of retail-ready infant formula for export to China, following approval from the Certification and Accreditation Administration of the People's Republic of China (CNCA).