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Synlait cuts market milk price to $4.40 kg/MS, ups capital spend

2015-02-01 23:55:38| Food - Topix.net

The Canterbury-based company lowered its forecast payout to $4.40 per kilogram of milk solids from a previous forecast of $5.00/kgMS, it said in a statement. The move follows dairy exporter Fonterra Cooperative Group revising its forecast farmgate milk price down 60c to $4.70/kgMS in December.

Tags: price market capital ups

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