Synlait Milk Limited (ASX: SM1) Secures Future Milk Supply
Operational Achievements
Synlait Milk Limited has successfully secured its future milk supply, with the majority of cease notices issued to the company now withdrawn.
Future Outlook
Acting CEO Tim Carter stated that sufficient milk volumes are secured for FY26 and FY27, supported by increased inquiries from new farmers.
Premium Offer
Farmers can still qualify for a one-off additional $0.20c/kgMS premium by withdrawing their ceases by 31 May 2025.
Executive Comments
Acting CEO Tim Carter commented, “In the days after we presented our half year result, there was a positive uplift in cease withdrawal numbers. Our farmers are the backbone of Synlait, their support provides us with valuable certainty and reflects growing confidence in the company on the back of our return to profitability.”
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