Synlait Secures Future Milk Supply Amidst Growing Competition

Synlait Milk Ltd. ( (AU:SM1) ) has shared an update.

Synlait Milk Limited has reached a significant milestone in securing its future milk supply, with most cease notices withdrawn, indicating increased confidence among farmers and a return to profitability. The company is offering a premium to farmers who withdraw cease notices by May 2025 and reports sufficient milk volumes for upcoming fiscal years, amidst growing competition in the Canterbury region.

More about Synlait Milk Ltd.

Synlait Milk Limited is a company operating in the dairy industry, primarily focused on milk production and processing. It is based in Canterbury, New Zealand, and works closely with farmers to secure milk supply, positioning itself as a preferred processor in a competitive market.

YTD Price Performance: 71.05%

Average Trading Volume: 103,953

Technical Sentiment Signal: Hold

Current Market Cap: A$411.1M

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