Synlait ups milk price forecasts on stronger prices
Recovering commodity prices have raised this season’s forecast as well.
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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