Milk

The company said top line revenue increased from NZ$759m (US$502m) to NZ$879m (US$581m).

Synlait doubles profit and takes over cheese company

By Jim Cornall

Synlait has reported a net after tax profit of NZ$74.6m (US$49.3m) for the year ending July 31, 2018, almost double the NPAT of NZ$39.5m (US$26.1m) announced for the same period last year.

The cooperative last considered the milk price in May.

Fonterra drops 2018/19 forecast milk price

By Jim Cornall

New Zealand’s Fonterra Co-operative Group Limited has revised its 2018/19 forecast Farmgate Milk Price from NZ$7.00 (US$4.66) per kgMS to NZ$6.75 (US$4.49) per kgMS.