Synlait Milk (NZE:SML, ASX:SM1) raised its forecast base milk price for the 2024 to 2025 season to NZ$9.50 per kilogram of milksolids (kgMS) from NZ$9 per kgMS, according to a Monday filing with the Australian and New Zealand bourses.
The revision was due to the strengthening in global commodities prices since Synlait's last update in October, the filing stated.
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