Synlait doubles farmer premiums to $6m but base milk payout may be cut
Synlait managing director John Penno says the company won't update its payout forecast for the current season until May. With special audio feature.
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Hawke’s Bay
Synlait Milk [NZX: SML] expects to pay its farmer suppliers about $6 million in premium payments this season but it may have to lower its base payout.
The company last updated the payout figure of $4.20 a kilo of milk solids in January.
Synlait managing director John Penno says the company won’t
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Jenny Ruth
Wed, 16 Mar 2016
Wed, 16 Mar 2016
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Synlait doubles farmer premiums to $6m but base milk payout may be cut
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