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Synlait Increases Forecast Milk Price

06 September 2013

NEW ZEALAND - Synlait has increased its forecast milk price of $8 per kilogram of milk solids.

“Synlait has joined the ‘Good News Club’ at a time when dairy farmers needed some reassurance in the strength of the market,” says Willy Leferink, Federated Farmers Dairy Chair.

“It has been a tumultuous time for the dairy industry this past month, but it is clear from Fonterra, Westland and Synlait that the demand for New Zealand milk is stronger than ever.

“New Zealand leads the world as a desired supplier of dairy products and our farmers are amongst the best paid farmers in the world. It is important that we celebrate and emphasise these strengths after the public flogging Fonterra has faced. If New Zealanders do not tell the good stories, no one else will.

“These prices are going to encourage dairy industries around the world to increase their production, to cash in on our success. The flow on affect of that is a greater volume of product in the world market, which in due course may lead to falling prices.

“My advice would be to celebrate our dairy success while we can,” concluded Mr Leferink.

TheCattleSite News Desk

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