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Synlait cuts milk price forecast
Synlait Milk has revised its forecast milk price for the 2015 / 2016 season from $5.00 per kilogram to $4.20.
Synlait Milk has revised its forecast milk price for the 2015 / 2016 season from $5.00 per kilogram to $4.20.
Canterbury dairy company Synlait Milk has almost halved its net profit for the July year to $10.6 million.
Rakaia-based Synlait Milk has issued a low farmgate milk price for the current season but managing director John Penno says he expects prices to start improving by early next year.
The sale of Lochinver station to Chinese interests spearheaded by Shanghai Pengxin reignited concerns about farm sales to foreigners during the election campaign.
Fran O'Sullivan asks, when is enough enough when it comes to Chinese investment in the New Zealand dairy sector?
Milking cows under the cover of darkness has helped to produce a milk powder high in the sleep-promoting hormone Melatonin.
All of the samples of infant formula tested by police after being suspected of possible tampering have tested negative for 1080.
Authorities are no closer to saying if the threat to poison baby formula with 1080 was a hoax, or who wrote the blackmail threats - even with 30 staff on the case.
Police are testing infant formula after a number of tins were found with pin-pricks in packaging lids.
Dairy companies are confident security measures at their facilities are tight enough to prevent a 1080 contamination.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.