Monday, 20 August 2018

Announcement

GENERAL: SML: Synlait''s 2017 / 2018 forecast milk price remains steady

29 Jan 2018 08:30NZX
Synlait Milk (NZX: SML; ASX: SM1) has reaffirmed its milk price forecast of
$6.50 kgMS for the 2017 / 2018 season.

However the company has signalled that this forecast is dependent on
commodity prices continuing to firm for the rest of the season.

"Our price of $6.50 kgMS has remained in place since May 2017, but global
pricing remains unpredictable," says John Penno, Managing Director and CEO.

"It is too early in the season to give pricing certainty, but we believe
there may be a period of price stability over the coming months," says Mr
Penno.

"Milk prices have largely been dropping since October, but over the past
month the strengthening outlook for the global economy, subsequent rising
general commodity prices, and the reduced milk production forecast due to
difficult weather conditions, have seen dairy commodity prices strengthen,"
he says.

Synlait''s next milk price update for the 2017 / 2018 season will be in May.
End CA:00313484 For:SML    Type:GENERAL    Time:2018-01-29 08:30:08
Views: 131
Synlait Milk Limited
 6.750 Change:
0.00
0.00%
 
Open:6.750 
High:6.750 
Low:6.750 
Volume:3,398 
Last Traded:07/02/18 09:09:37 
Bid:6.750 
Ask:6.750 
52-Wk High:8.250 
52-Wk Low:3.050