Synlait ups milk price forecasts on stronger prices
Recovering commodity prices have raised this season’s forecast as well.
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Synlait Milk has announced its forecast base milk price for the upcoming 2019/2020 season is $7 per kilogram of milk solids.
That compares to Fonterra’s forecast released last week with its third-quarter business update of between $6.20 and $7.25 per kgMS which was slightly below predictions.
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