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25 Apr 2024 12:54
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  •   Home > News > Business

    Concern for farmer suppliers, as Synlait Milk grapples with financial difficulties

    Concern for farmer suppliers, as Synlait Milk grapples with financial difficulties


    Fonterra
    Fonterra
    The Canterbury-based milk processor has signalled a potential net loss between 17and 21-million dollars in its half year results.

    The company recorded a net profit of four-point-eight million dollars in the same period last year.

    Ashburton-based Synlait supplier Willy Leferink says they're paying out at four-dollars seventy-five, with cost of production around six dollars.

    He says due to their financial woes, Synlait is paying a dollar less than Fonterra.

    © 2024 Newstalk ZB, NZCity

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