NZ's Synlait Milk gains on raising 2024-25 milk price outlook

Synlait Milk

13/12/2024 24:41

** Synlait Milk  SML.NZ  rises as much as 2.4% to A$0.430,
highest since Oct. 21
    ** Co raises its 2024-25 base milk price outlook to ~NZ$10
per kilogram of milk solids (kgMS) from NZ$9.50 per kgMS
earlier, driven by strengthening of global commodities prices
    ** The base milk price is what co pays farmers
    ** Around 86,364 shares traded vs the 30-day avg of 67,592
    ** SML has fallen 55.8% this year, as of last close

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))