Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

New Zealand's Synlait cuts milk price forecast, citing higher supply

(Reuters) - New Zealand's Synlait Milk Ltd said on Monday it would revisedown its milk price forecast for the 2018/2019 season to NZ$6.25 ($4.27) kilogramme of milk solids (kgMS) due to decreasing dairy commodity prices.

"This (revision) is in part due to global demand reacting to very strong production from New Zealand carrying into summer, alongside expectations of better production growth out of theNorthern Hemisphere,” said Synlait CEO Leon Clement in a statement.

Synlait’s previous forecast price of NZ$6.75 kgMS was announced in September 2018.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Mark Potter)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Pink ‘has moved to New York and is in running to take over Kelly Clarkson’s talk show’
After being spotted in the Big Apple, singer Pink is said to have moved to New York and is said to be in the running to take over Kelly Clarkson’s NBC talk show.
BANG Premier
BANG Premier
Sorry, ZeLink shippers, Zelda actor still thinks the 40-year-old pairing is better left "ambiguous": "If there are romantic undertones, it's left in an unrequited state"
"I have all sorts of personal theories," she says
GamesRadar
GamesRadar
“Who The Hell Is That Guy?”: Fans Convinced Something Is Seriously Off In Viral Jim Carrey Footage
“I’ve been watching this dude almost my whole life. That isn’t Jim Carrey,” wrote one user.
Bored Panda
Bored Panda
Is Your Protein Powder Safe? New Report Finds High Lead Levels in Popular Brands
You drink your protein shake to feel stronger, healthier, and more energized. However, what if the one thing you rely on every morning is quietly exposing you to lead? Independent testing released in 2025 found that many popular protein powders contain measurable levels of heavy metals. These results, including a…
Budget and the Bees
Budget and the Bees
Rumors The New James Bond Has Already Been Cast Have (Reportedly) Been Greatly Exaggerated
Will the next James Bond please stand up?
Cinemablend
Cinemablend
4Chan broke the news of Epstein’s death 38 minutes before anyone else—and the FBI still can’t figure out how
Newly declassified docs shed light on the matter.
We Got This Covered
We Got This Covered
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play