25 November 2024

Synlait increases forecast milk price to $9.50/kgMS

Synlait Milk Limited (Synlait) has increased its forecast base milk price for the 2024/2025 season. The
forecast has increased to $9.50 per/kgMS, up from $9.00 per kgMS.

The increase follows recent strengthening in global commodities prices since Synlait’s last update on
10 October 2024.

Synlait remains committed to delivering a competitive milk price, advanced rates, and to ensure its onfarm offering remains highly attractive to farmer suppliers.

Forecasts are based on the best information available to Synlait at the time. Synlait will continue to
monitor movements and update farmer suppliers as required.

For more information contact:
Hannah Lynch
Head of Strategy & Corporate Affairs

P: +64 21 252 8990
E: hannah.lynch@synlait.com